Facade of hotel apartment building Hotel Andino, glass exterior, balconies, in Calidonia, Panama City. Investment property.

Exterior: Modern glass facade of this renovated income property in downtown Panama.

Reception area with modern decor at mixed-use income property in Calidonia Panama City.

Lobby: Welcoming lobby with seating, ideal for commercial or residential entrance.

Furnished studio apartment for Airbnb or rental income in Hotel Andino Calidonia Panama.

Studio apartment: Compact studio unit with kitchenette, ready for rent or Airbnb.

Bedroom with modern decor, rented as Airbnb or long-term unit in Calidonia Panama income property.

Bedroom: Furnished bedroom with closet ideal for investor income streams.

Modern tiled bathroom with vanity in Airbnb apartment at hotel income building Calidonia Panama.

Bathroom: Renovated bathroom ideal for comfort in rental units.

Commercial Income Building for Sale

Income Building for Sale Calidonia 43 Units 400m2 Retail

Bella Vista / Avenida Peru, Calidonia, Panama City

USD3,200,000

15 Bedrooms 20 Bathrooms 2094.0 m² Area 6 Parkings

About this Commercial Income Building

Exceptional opportunity to acquire a prime centrally located mid-rise building in Calle 35 Este & Avenida Perú, Calidonia, Bella Vista, Panama City, covering a total of 2094m2 built on a 672m2 lot. Features 4 floors with 43 fully furnished apartments, divided into 22 successful Airbnb units and 21 long-term rentals, plus a 400m2 commercial retail space on the ground floor. Includes office, laundry, reception, balcony terraces, and 6 parking spaces. Recently renovated with modern improvements, gas water heaters throughout. Current rent roll delivers a gross yield of approximately 8.75%, diversified income streams reduce risk and maximize ROI. Surrounded by vibrant commercial activity, universities, hospitals, parks, the Cinta Costera and Metro stops. Ideal for investor seeking immediate income and future value appreciation in Panama City’s urban core. Contact Casa Nova Realty Panama and Maria Lopez for a private tour and financials.

Contact Maria Lopez at Casa Nova Realty Panama today to schedule a viewing! Reference Listing ID: 73C2Kz8.

Key Features

43 income-generating apartments across 4 floors
Mix of long-term rental and Airbnb units
400m2 commercial ground floor retail space
Reception and office area for management
Private balconies and terraces on select units
Recent renovations for modern appeal
Laundry facilities on-site
Gas water heating system throughout
Multiple parking spaces included
Central location with excellent walkability & Metro access

Detailed Features

Property Details

TypeCommercial income building

CategoryResidential & Commercial Mixed-Use

Size2094 m²

Lot Size672 m²

Bedrooms15

Bathrooms20

Parking6

FurnishedYes

Pets AllowedNo

Price/m²USD1,528.18 / m²

Listing ID73C2Kz8

Hotel Andino by Hodara Amenities

Commercial lobby & reception

Welcoming secure hotel-style lobby for guest and tenant access

4 commercial floors

Divided over 4 levels including ground floor retail space

400m2 commercial premises

Street-level retail unit ideal for restaurant, bank or shop

Laundry area

On-site laundry facilities for tenants and Airbnb guests

Elevators

Modern passenger elevator access to all floors

Air conditioning ready

Pre-installed ducting or split installation ready

Backup water tank

Reserves to ensure continuous water supply

Gas water heaters

Installed in all apartments for efficiency

Office/Administration suite

Dedicated office or management workspace

Parking lot

6 secure surface parking spaces

Balcony terrace areas

Units with terraces or balconies for added value

Location & Nearby

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Neighborhood Highlights

Central downtown location near financial district
Walking distance to Metro station 'Lotería'
Close to Cinta Costera waterfront and Casco Viejo
Hospitals, universities, banks, restaurants nearby
Easy access to major transit arteries Avenida Balboa & Via España

Nearby Landmarks

Metro Estación Lotería (200m)
Avenida Central (150m)
Cinta Costera (500m)
Hospital Santo Tomas (600m)
Casco Viejo (1 km)
Supermercado Rey Avenida Balboa (400m)

*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: 73C2Kz8. Last updated: 2025-11-07T23:59:00Z*