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Historic colorful balcony overlooking Casco Viejo streets and church dome
Balcony: Scenic colonial balcony with blue doors, perfect restoration potential.
Colonial corner building with iron balconies and retail shops in Casco Viejo
Exterior: Iconic heritage facade ideal for boutique hotel or apartments.
Storefront commercial retail property on historic cobblestone street Casco Viejo
Retail space: Multiple income-generating ground floor retail units.
Wrought iron balconies and colonial style facade Casco Viejo VIP Zone
Exterior: Authentic colonial charm in Panama’s UNESCO heritage district.
Retail artisan store interior decorated with traditional crafts Casco Viejo
Retail: Bright interior ideal for boutique or gallery.
Multi-Unit Residential Building for Sale

Casco Viejo Investment Colonial Building for Sale Panama

Casco Viejo, San Felipe, Panama City

USD2,100,000
15 1 1352.0 m² 1

About this Multi-Unit Residential Building

Rare investment opportunity in UNESCO-listed Casco Viejo: colonial multi-use building with approx. 1,352m² construction across 3 floors. Features 15+ flexible apartment rooms, 4 operating retail storefronts generating immediate income, private admin office, rooftop potential, and authentic architectural details like arches and wrought iron balconies. Positioned on 354m² lot at prime tourist and nightlife corridor near Plaza Catedral, the Canal Museum, hotels, and fine dining. Ideal for boutique hotel, luxury condos, coworking, restaurants or mixed-concept redevelopment. Great cashflow with upside through restoration program. Offered at $2,100,000, an exceptional heritage asset in Panama City's most desirable location. Managed by Casa Nova Realty Panama, schedule a private tour today.

Contact Maria Lopez at Casa Nova Realty Panama today to schedule a viewing! Reference Listing ID: 4GczGpW.

Key Features

  • 18 versatile residential or commercial spaces
  • 4 active retail units with street frontage
  • Colonial arches, columns, wood beams
  • Private office area
  • Multiple balconies
  • Rooftop expansion potential
  • High foot-traffic zone
  • Tourist hotspot
  • Stunning original facades

Detailed Features

Property Details

TypeMulti-unit residential building
CategoryCommercial / Investment
Size1352 m²
Lot Size354 m²
Bedrooms15
Bathrooms1
Parking1
FurnishedNo
Pets AllowedNo
Price/m²USD1,553.25 / m²
Listing ID4GczGpW
Year Built1900

Colonial Block Casco Viejo Amenities

Colonial balconies

Iconic wrought iron balconies overlooking cobblestone streets

Commercial storefronts

Multiple ground floor retail spaces with steady cashflow

Multiple access points

Three street frontages enabling subdividing and flexible use

Flexible zoning

Perfect for boutique hotel, apartments, commercial or mixed uses

Rooftop potential

Possibility to develop panoramic rooftop terrace with skyline and waterfront views

Historical architecture

Preserves original arches, columns, wood beams and facades

Renovation opportunity

Eligible for tax incentives and restoration grants

Location & Nearby

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Neighborhood Highlights

  • UNESCO World Heritage historic quarter
  • Vibrant nightlife and dining hotspot
  • Tourist magnet with restored colonial architecture
  • Close proximity to Metropolitan Cathedral and Presidential Palace
  • Cultural hub with art galleries, theaters, and museums
  • Walking distance to Cinta Costera waterfront park

Nearby Landmarks

  • Plaza Catedral (100m)
  • Presidential Palace (250m)
  • National Theater (300m)
  • Museo del Canal (200m)
  • Cinta Costera (400m)
  • Multiple upscale restaurants and bars (50-300m)
*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: 4GczGpW. Last updated: 2025-11-07T23:59:00Z*
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