Historic Building For Sale In Casco Viejo Panama

Price
$4,200,000
Price/M²
$2,592
M² of construction
1620
Bedrooms
1
Bathrooms
1

Historic Building For Sale In Casco Viejo Panama

Category

Buildings

Published

17/01/2023

Location

Obarrio

Price

$4,200,000

Price/M²

$2,592

Address of Property

Casco Viejo, San Felipe

Year of construction

1910-1919

Balcony/Terrance

terrace

Swimming pool

no

Benefits

Near a School
Pet Friendly
Near Traffic
Party Room
Social Area

Property

Originally constructed in 1916, this historic building for sale in Panama’s historic Casco Viejo neighborhood has recently had its facade completely restored.

Located along one of most heavily traversed streets in all of Casco Viejo, this property is perfect for a restaurant, club, bar, coffee shop, or store front.

The restoration of the facade also included the installation of a completely new roof.

Between the 1st and 2nd floors there are 16 large windows and doorways to allow for natural light and people watching during business hours.

The total buildable area on the 1st floor is 1620m2. The estimated cost to finish would be around $150 per square meter with rents averaging between $18 – $20 / meter / month.

Casco Viejo

Casco Viejo is Panama City’s most historic neighborhood. Originally founded in 1673, this area of Panama City has recently experienced a rebirth thanks to a government-backed revitalization. Casco Viejo is now Panama City’s most popular area among both Panamanians and tourists, who seek the mix of energy and classic architecture that can only be found here.

Now Panama’s nightlife hub, Casco Viejo is home to some of the best restaurants, bars, shops, and luxury residences.

To see a short video on this exciting neighborhood and a few of our favorite developments, make sure to click here.

Panama Equity was founded in 2007 and is dedicated to delivering a professional real estate experience. We currently have 300+ properties for sale, many of which feature videos and geographic locations on our website. Visit us today at PanamaEquity(dot)com.


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