Historic Teatro Amador in Casco Viejo, Panama City - A Turnkey Business Opportunity in a UNESCO World Heritage Site

Casco Viejo / Panama City, Panamá Province 644 views Jul 27, 2023

$3.95million Selling

Overview

Category	Commercial property
Square	1,049 m²
Price	$3.95million

Description

Seize this once-in-a-lifetime opportunity to own the historic Teatro Amador, a prime entertainment venue in the heart of Casco Viejo, Panama City. Fully equipped and ready for operation.

Step into a piece of Panama’s rich history with the Teatro Amador, a landmark property built in 1908 by the Panama Railroad Company. Located in the UNESCO World Heritage Site of Casco Viejo, this entertainment complex is a vibrant hub of nightlife and culture.

Spread over 1,049.4 m² (11,296 sq ft), the Teatro Amador boasts three levels of meticulously designed space. The ground floor, mezzanine, and theater offer a combined area of 4,831 sq ft, while the restaurant and office areas provide an additional 6,457 sq ft of functional space.

Recognized as one of the Top 100 Clubbing Venues Worldwide in 2015, Teatro Amador is equipped with a state-of-the-art sound and lighting system valued at over $300,000. The venue can accommodate up to 500 guests, making it ideal for large-scale events and performances.

The on-site restaurant, renovated in 2014, features an open-air kitchen and comes with $300,000 worth of kitchen equipment. With built-in acoustics, private spaces, and an outdoor patio, it offers a unique dining experience.

This turnkey business opportunity includes all intellectual property, furniture, and kitchen equipment. The property also benefits from fiscal incentives, including a 3% interest rate on commercial loans and a 30-year property tax exemption.

With the opening of a new cruise port in Panama City, the Teatro Amador is poised to attract a surge of new visitors. Don’t miss this chance to own a piece of Panama’s cultural heritage and a thriving business in the heart of Casco Viejo.

Teatro Amador, Casco Viejo, Panama City, Historic Property, Turnkey Business, Entertainment Venue, Restaurant, Tax Incentives, High Capacity, UNESCO World Heritage Site, Prime Location, Fully Equipped, Growing Tourism.