Development Opportunity in Historic Category 4 in the Heart
$1,590,000
Description
Located on Avenue A, between 14th and 15th Streets, this property classified as Historic Category 4 offers a 390 m² lot (approximately 4,198 ft²) with buildable potential of up to 2,000 m² (approximately 21,528 ft²). Zoned RMH2-C2, it allows both residential and commercial uses, providing great flexibility for projects that honor and preserve Panama City’s Casco Viejo historic value.
This strategic location is in one of the city’s most emblematic and vibrant areas, surrounded by rich cultural, culinary, and tourist attractions. Perfect for developing a boutique hotel, commercial spaces, residences, or mixed-use projects that seamlessly blend heritage, design, and modernity.
With high pedestrian traffic and proximity to key Casco Viejo landmarks, this property represents a premium investment opportunity for developers and investors looking to make a lasting impact on Panamanian heritage while maximizing returns.
This is not just a lot—it’s the gateway to an iconic future in Casco Viejo.
Property details
Property type
Commercial Space
Living area
~2,000 m²
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Engel & Völkers
Provider:
Green North Castle, S.A.
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