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Building for Sale

Historic Colonial Building for Sale Casco Viejo San Felipe

Casco Viejo, San Felipe, Panama City

USD980,000

8 Bedrooms 8 Bathrooms 504.0 m² Area

About this Building

Rare investment opportunity to own a historic colonial building with 8 units located in Casco Viejo, San Felipe. With 504 m2 total construction on a 168 m2 lot, this property is ideal for boutique hotel, luxury apartments, or mixed-retail. Features original balconies with wrought-iron railings, arched windows, colonial facade details and multi-story architecture. Surrounded by Panama City’s vibrant UNESCO Heritage Zone filled with restaurants, boutique hotels and art galleries. Tax incentives available for restoration. Listed at $980,000 with 35% price reduction. Develop your vision in Panama's most iconic district—contact Casa Nova Realty Panama.

Contact Maria Lopez at Casa Nova Realty Panama today to schedule a viewing! Reference Listing ID: NtTaQ7E.

Key Features

Colonial architectural elements
Original balconies with iron railings
Potential for rooftop terrace
Mixed-use zoning for commercial and residential
Located in UNESCO World Heritage Casco Viejo
Ideal for boutique hotel or luxury apartments
Walking distance to cafes, museums, nightlife
Eligible for historic renovation tax incentives

Detailed Features

Property Details

TypeBuilding

CategoryCommercial / Residential Mixed-use

Size504 m²

Lot Size168 m²

Bedrooms8

Bathrooms8

FurnishedNo

Pets AllowedNo

Price/m²USD1,944.44 / m²

Listing IDNtTaQ7E

Casco Viejo Colonial Block Amenities

Historic colonial facades

Restored heritage architecture with balconies and arches

Multiple balconies with wrought iron railings

Ideal for residential or commercial outdoor space

Potential rooftop terrace

Possibility to develop panoramic view roof area

Mixed-use zoning

Allows boutique hotel, apartments, retail, or offices

Street parking and pedestrian access

Easy access for residents and visitors

High visibility street corner location

Perfect for commercial storefronts

Historic tax incentives

Qualifies for Panama Casco Viejo restoration benefits

Location & Nearby

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Neighborhood Highlights

UNESCO World Heritage Site with colonial architecture
Close to Presidential Palace and Plaza Catedral
Walking distance to vibrant restaurants, cafes, museums, galleries
Pedestrian-friendly cobblestone streets
High tourism foot traffic area
Nightlife and boutique shops nearby

Nearby Landmarks

Plaza Catedral (150m)
Museo del Canal (200m)
Presidential Palace (250m)
American Trade Hotel (100m)
Avenida Central (300m)

*Disclaimer: Property information is deemed reliable but not guaranteed and should be independently verified. Availability, price, and details are subject to change. Measurements are approximate. Listing ID: NtTaQ7E. Last updated: 2025-11-07T23:59:00Z*