Street view of a three-story building with a restaurant called Casa Santa on the ground floor. A yellow taxi is parked in front. [AI-generated text]

High-Potential Development Property in Casco Viejo – Ardila

$2,900,000~€2,594,602
  • ~900 m² Living area

Description

High-Potential Development Property in Casco Viejo – Casa Ardila Located in Plaza Santa Ana, one of the most dynamic and historic areas of Casco Viejo, Casa Ardila offers an excellent opportunity for commercial and mixed-use development in a high-traffic zone surrounded by bars, restaurants, and nightlife. The property features a land area of 300 m² (3,229.17 ft²) and a built area of 900 m² (9,687.51 ft²), with a development potential of up to 1,420 m² (15,285.44 ft²). Its flexible RMH2-C2 zoning and historic classification in categories 3 and 4 allow for a wide range of uses while preserving architectural character. Casa Ardila includes several existing commercial spaces on the ground floor and is ideally situated to become a boutique hotel, residential rental units, a retail concept, or a nightlife destination in the vibrant Casco Viejo scene. This is a rare opportunity to invest in a centrally located, high-visibility property with both historical value and strong income potential.
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Engel & Völkers Panama City

Your advisor: Maria Arosemena

Property ID: AM-5082972

Property details
  • Property type

    Commercial Space

  • Number of Floors

    2

  • Living area

    ~900 m²

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