Description

Commercial Building for Sale in Casco Viejo, Panama City - $2,250,000

Property ID: PLS-19875

Description: Presenting a commercial building located in the heart of the historic Casco Viejo, Panama City. This property, with a land area of 354 m² and a construction area of 1,400 m², is an ideal candidate for remodeling into a hotel. The building spans across a ground floor and four additional levels. The ground floor houses 4 commercial spaces, while the upper levels comprise a total of 32 apartments. With its prime location in Casco Viejo and its potential for transformation, this building is a lucrative investment opportunity.

Features:

• Land Size: 354 m²
• Construction Size: 1,400 m²
• Levels: Ground floor + 4 levels
• Zoning: RMH1C-2
• Ground Floor: 4 commercial spaces
• Level 1: 10 apartments
• Level 2: 11 apartments
• Level 3: 11 apartments
• Level 4: Rooftop
• Total Apartments: 32
• Sale Price: $2,250,000

Location: Casco Viejo, also known as Casco Antiguo, is the historic district of Panama City. Rich in history and culture, it's a UNESCO World Heritage site, known for its colonial-era architecture, vibrant nightlife, and a mix of art galleries, rooftop bars, and charming plazas. The area is a blend of the old and new, making it a popular destination for tourists and locals alike. Owning a property in Casco Viejo offers the unique opportunity to be a part of a thriving community that celebrates its rich history while embracing modernity.

Casco Viejo, the historic heart of Panama City, is a tapestry of culture, history, and architectural marvels. As a UNESCO World Heritage site, it stands as a testament to Panama's rich colonial past, with its cobbled streets, colonial-era buildings, and vibrant plazas. The area is a hub of activity, from its bustling markets and art galleries to its chic rooftop bars and gourmet restaurants. The blend of the old-world charm with modern amenities makes Casco Viejo a sought-after destination for tourists, expats, and locals. Whether you're strolling through its historic streets, savoring the local cuisine, or soaking in the panoramic views of the city skyline, Casco Viejo promises an experience like no other. Investing in this area not only offers a piece of Panama's history but also a promising future with its continuous development and growth.

Tags/Keywords: Commercial Building, Casco Viejo, Panama City, Hotel Potential, Apartments, Historic District, Investment Opportunity, Prime Location