PH Tropicana multifamily building for sale Santa Ana

A 71-apartment investment with room to grow

Santa Ana, Panamá

Active

$4,200,000

USD$792 / m²

  • 5,300 m²Built area
  • 1,800 m²Land
  • 10Bath
  • 35Parking
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Overview

PH Tropicana brings together scale, active residential operations and future development potential in Santa Ana. The multifamily building is offered for USD 4,200,000 and comprises 71 apartments in 1-, 2- and 3-bedroom configurations. The property is described as 100% occupied, with an on-site administration office supporting day-to-day management. The building has 5,300 m² of construction on an 1,800 m² lot, plus 35 parking spaces, most of them covered. Each apartment has an individual finca and its own electric meter. Building facilities include an elevator, reserve water tank, internet service, laundry area, small social area and storage spaces. Biometric entry uses facial recognition and fingerprint access, complemented by a security camera network. PH Tropicana fronts Avenida 4 de Julio at the Santa Ana exit, with rear access via Darién and Estudiante streets. Casco Antiguo is a short distance away, and the property has direct access toward the Bridge of the Americas. Approximately 330 m² of air rights could support around 30 additional apartments, subject to permits and feasibility studies. A neighboring corner lot of approximately 700 m² may also be acquired separately. Contact Casanova Realty to discuss this multifamily property and its expansion options.

In Short

PH Tropicana is offered for USD 4,200,000. The building has 71 apartments in 1-, 2- and 3-bedroom configurations, biometric access, security cameras, an elevator, a reserve water tank, laundry and a small social area. Approximately 330 m² of air rights and a potential adjacent 700 m² lot are described as expansion opportunities.

Before You Decide

  • The building's 71 apartments are described as fully occupied; request the current rent roll and lease documentation.
  • Approximately 330 m² of air rights may support additional development, subject to permits and feasibility studies.
  • The approximate 700 m² adjacent corner lot is described as a possible separate acquisition, not as part of the stated 1,800 m² lot.
  • The source's bedroom and bathroom counts conflict and require confirmation before relying on them.

Included in the sale. The building has an on-site administration office, a laundry area, a small social area, storage areas, and designated spaces for side advertising signs.

Highlights

  • 71 apartments in 1-, 2- and 3-bedroom configurations
  • 5,300 m² of construction on an 1,800 m² lot
  • 35 parking spaces, most of them covered
  • Apartments have individual finca registration and electric meters
  • Biometric entry and a security camera network
  • Elevator, reserve water tank, laundry and small social area
  • Frontage on Avenida 4 de Julio with rear access via Darién and Estudiante streets
  • Approximately 330 m² of air rights and a possible adjacent 700 m² lot

At a Glance

Status
Active; available for sale
Asking price
USD 4,200,000
Price per construction m²
USD 792.45/m²
Apartments
71
Construction area
5,300 m²
Lot area
1,800 m²
Parking
35 spaces; most covered
Building
PH Tropicana
Neighborhood
Santa Ana
City
Panama City
Listing ID
CNV-PROP-043697

Key Facts

Category
Commercial
Property type
Entire Building
Unit type
Building Entire
Listed
4 October 2026
Last updated
4 October 2026

Frequently Asked Questions

How much does PH Tropicana cost?
PH Tropicana is offered for sale at USD 4,200,000.
How many apartments are in PH Tropicana?
PH Tropicana has 71 apartments, with 1-, 2- and 3-bedroom configurations.
What are the building's construction and lot areas?
The building has 5,300 m² of construction area on an 1,800 m² lot.
How many parking spaces are included?
The building has 35 parking spaces; the majority are covered.
What security features does PH Tropicana have?
The building has biometric entry using facial recognition and fingerprint access, along with a security camera network.
Does the building have an elevator and a water reserve tank?
Yes. PH Tropicana has an elevator and a reserve water tank.
How many apartments are in the building?
The building has 71 apartments, with 1-, 2- and 3-bedroom configurations.

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