Building for sale in Casco Viejo, Panama

Located in a designer-restored building in Casco Viejo

This beautiful historic building, elegantly remodeled and offered for $7 million, represents a rare investment opportunity in a prime location. The property seamlessly blends luxurious residential apartments with premium commercial spaces and is managed by a renowned short-term tourism operator, ensuring a steady income.

Three-story building with six apartments (1, 2 and 3 bedrooms), two ground-floor commercial spaces, a concierge room and a technical area. Designed with attention to detail and elegance, it features Carrara marble finishes, handcrafted carpentry and Hans Grohe German taps. Located in the heart of Casco Viejo, this property is a true work of art in the historic district.

Key Features:

• Turnkey Investment: Managed by a leading short-term rental operator, ideal for tourism and hospitality.
• Prime Location: Strategically located in a highly sought-after area of Casco Viejo, with excellent access to services and tourist attractions.
• Blending luxury and functionality: Including a penthouse with private amenities, terraces in select units, and commercial spaces perfect for high-end businesses.
• Timeless design: Masterfully restored historic building, notable for its exceptional craftsmanship and attention to detail.

This property is ideal for investors seeking a high-yield asset in the short-term rental market, combined with long-term appreciation in an iconic historic site.

Fully furnished apartments that generate income through short-term rentals. All units include luxury features such as premium appliances: Viking gas stoves, electric water heaters, security systems with cameras, intercoms, and more. Common areas include a residential lobby, elevator, lobbies, and circulation areas.

Six apartments decorated with vibrant tropical colors, Panamanian craftsmanship, and finishes worthy of a 5-star hotel.

Finishes:

• Carrara marble countertops and floors in bathrooms
• Brazilian granite countertops in kitchens
• Custom vintage furniture in kitchens and bathrooms
• Handcrafted mahogany cabinets
• Reclaimed almond wood flooring from the Panama Canal
• Elegant Hans Grohe-Axor faucets
• Rocky Mountain hardware from the USA

Technology:

• Internet access, cable, and phone providers (Cable & Wireless, Tigo, etc.)

Equipment:

• High-quality Viking gas oven
• Double-door stainless steel refrigerator and dishwasher
• Washer and dryer

Security:

• Multilock security locks
• 3M security film on exterior windows
• 24/7 video recording system
• Intercom system with camera
• On-site concierge

Energy efficiency:

• NEST WiFi smart thermostats
• High-efficiency 13 SEER central air system with individual controls by room
• Kommerling double-glazed windows with gas chamber
• Polypropylene pipes for high pressure and efficiency in the drinking water system

The building includes six meticulously designed apartments, combining historic charm with modern amenities:

Apartment 1

• Size: 137 m²
• Bedrooms: 2
• Bathrooms: 2

Apartment 2

• Size: 112.36 m²
• Bedrooms: 2
• Bathrooms: 1

Apartment 3

• Size: 91.8 m²
• Bedrooms: 1 (interior)
• Bathrooms: 1

Apartment 4

• Size: 137.25 m²
• Bedrooms: 2
• Bathrooms: 2

Penthouse (Currently reserved)

• Size: 389.28 m²
• Bedrooms: 3
• Bathrooms: 4
• Features: Private terrace, Pool and parking

Apartment 6

• Size: 133.76 m²
• Bedrooms: 2
• Bathrooms: 1
• Features: Terrace

Total residential space: 1,001.45 m²

The ground floor houses two versatile commercial premises:

Commercial premises 1

• Size: 175.66 m²
• Features: Chimney for smoke extraction

Commercial premises 2

• Size: 71.1 m²
• Total commercial space: 246.76 m²