Commercial / Residential Building in Casco Viejo!

  • $1,500,000
Property ID
PCascoExp
Bedrooms
18
Property Size
1000 Sq Meters

Location

  • Town: Casco Viejo, Panama City
  • State/county: Pacific
  • Province: Panamá

Description

This property represents a rarely available opportunity to acquire a commercial / residential building in its entirety, right in the middle of Panamá City’s hottest real estate market:

Casco Viejo!

Located near some beautifully remodeled residential / commercial properties, and only a minute walk away from bars, restaurants, and hotels, this property is strategically located and offers the investor an incredible opportunity to capitalize on the booming market in this region of the country.

This property consists of approximately 1,000m2 of area, with 6 levels in total including:

Commercial Spaces (street front)

4 Levels Residential, each containing 3 apartment/condos

Rooftop with expansive views of Panamá City and nearby landscapes, bays, etc

This property is already zoned for residential + commercial

Seller is offering two options for purchase:

  1. Outright purchase of property and all current remodel designs, business models, renderings, etc for $1,500,000 USD
  2. Acquisition of 50% equity for $750,000 and split the cost of remodel equally with current seller

With so many buildings nearby having been remodeled in the last 5 years, quickly selling out all available residential units, this is a no-brainer investment offering lucrative returns as Casco Viejo continues to grow in value, demand, and popularity throughout the coming years.

Reach out to us today with any questions, or to schedule a viewing of this property!

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Dustin Conlon
  • Dustin Conlon