Two Income-Generating Buildings in Casco Viejo

Two distinct architectural expressions meet in this Casco Viejo property: one building draws on the Canal-era Spanish style, while the other reflects French colonial architecture. Completely reconstructed in 2013, the four-level buildings are offered together, without the penthouse, for $5,500,000. They sit in San Felipe, Panama City’s historic district, where the old city’s character meets the modern skyline and Panama Bay. The property comprises five furnished apartments with one- and two-bedroom layouts, plus two commercial premises on the ground floor. The combined property is listed with 12 bedrooms and 14 bathrooms, and a structured area of 1,116 m². The apartments are described as income-generating, as are the commercial spaces. Their finishes include white Carrara marble in the bathrooms, Brazilian granite kitchen counters, custom vintage cabinetry, handcrafted mahogany closets, and reclaimed almendro wood floors from the Panama Canal. Hansgrohe Axor faucets and Rocky Mountain hardware add further crafted detail. The apartments include premium appliances such as dishwashers and Viking gas stoves, electric water heaters, and air conditioning. Shared areas include a residential lobby, elevator, halls and circulation areas, with security cameras in common areas and an intercom. For buyers seeking a substantial mixed-use property in one of Panama City’s best-known historic neighborhoods, contact Casanova Realty to discuss the buildings and arrange next steps.