Building for sale in Casco Viejo, San Felipe

Unique investment opportunity in the heart of Panama's historic Casco Viejo. This impressive building, with colonial architecture and carefully restored, offers a privileged location in one of the most touristy and vibrant areas of Panama City.

The property

The building is located in the heart of Casco Viejo, a few blocks from the Presidential Palace, 5 minutes from the city center and 25 minutes from Panama's main airport; it also has a valuable location near the entrance to the Old Town, providing one of the highest levels of vehicle and pedestrian traffic in the entire Casco and allowing easy access in and out of the beautiful Cinta Costera (waterfront boulevard) that connects to the city center and the east side of the city.

The property is a historic and old apartment building that was renovated into a Boutique Hotel with a restaurant on the ground floor, a bar and a rooftop bar, two of the most popular food and beverage businesses in all of Panama.

LEVEL 0: 4,408 sq. ft.

Ground floor: Restaurant, lobby bar, hotel reception, kitchen and bathrooms.

LEVEL 1: 3,790 square feet

First Floor: Hotel rooms and conference room.

LEVEL 2: 3,790 square feet

Second floor: Hotel rooms and administrative office.

LEVEL 3: 2,893 sq. ft.

Third floor: Rooftop terrace, air conditioning machinery, storage area and bathrooms.

LEVEL 4: 250 square foot VIP dining area

The location

Casco Viejo, also known as Casco Antiguo, is the historic neighborhood of Panama City, founded in 1673 after the destruction of the old city (Panama Viejo) by the pirate Henry Morgan. It is a vibrant and charming area, recognized as a UNESCO World Heritage Site.

The streets of Casco Viejo are filled with a mix of Spanish colonial, neoclassical, and art deco architecture. Its historic buildings have been restored, many of them converted into cafes, restaurants, boutiques and art galleries. Among the outstanding monuments are the Metropolitan Cathedral, the Palacio de las Garzas (presidential residence), the Church of San José with its famous golden altar, and the National Theater.

The atmosphere of the neighborhood is a combination of the traditional and the modern, with charming squares such as Plaza de Francia and Plaza Bolívar, where visitors can enjoy the history and local culture. The views from the waterfront offer a stunning panorama of the city's modern skyline and entrance to the Panama Canal.

Casco Viejo is a meeting point for locals and tourists, with a lively nightlife, varied dining options, and a rich cultural legacy that reflect Panama's diversity and past.