Map of Panama City's UNESCO Heritage Site Zone, showing streets, plazas, hotels, and restaurants.

Your Next Project in Casco Viejo Starts Here

$217,000
  • ~123.93 m² Living area

Description

Located on the iconic Avenida A in the heart of Panama’s historic district, Casa Garibaldi is a compact yet strategically positioned property with high investment potential. Casco Viejo, a UNESCO World Heritage Site, continues to attract international attention thanks to its vibrant culture, growing tourism, and rising property values. Casa Garibaldi offers an exceptional opportunity for those seeking to develop a project that blends history, style, and strong ROI in Panama’s most visited neighborhood. The property falls under RMH1-C1 zoning, which allows for medium-density residential development combined with commercial use on the ground floor. This is ideal for investors looking to create a boutique hotel, short-term rental units, lofts, or a mixed-use project with retail, cafés, or coworking spaces. The flexibility of this zoning type ensures that your investment aligns with the dynamic, evolving nature of Casco Viejo. Just steps away from lively plazas, art galleries, rooftop bars, designer shops, and fine dining, Casa Garibaldi sits in one of the most walkable, high-demand locations in Panama City. Whether your vision includes luxury apartments, a coffee shop, or a cultural hub, this site provides the perfect canvas to bring it to life. What makes Casa Garibaldi even more attractive is the daily foot traffic of tourists, digital nomads, and locals exploring the colonial charm of Casco. With limited inventory in the area and continuous infrastructure improvements, properties like this are becoming increasingly rare. If you're looking to invest in Panama’s most iconic neighborhood, Casa Garibaldi represents a rare mix of historical charm, commercial viability, and long-term value. Take advantage of this strategic location to develop in style and secure your stake in Casco Viejo’s future.
engel & völkers shop image

Engel & Völkers

Your advisor: Maria Arosemena

Property ID: AM-5080895

Property details
  • Property type

    Commercial Space

  • Living area

    ~123.93 m²

Contact the provider

Get more information about this property

I agree with the processing of my data for the purpose of searching for properties and being contacted by Green North Castle, S.A.. If I provide my telephone number, I also consent to being contacted by telephone. My above data may be passed on to a suitable local license partner from the Engel & Völkers Group for the purpose of establishing contact.

You can find out in detail which data Green North Castle, S.A. stores, what rights you have in this context, and how to revoke your consent for the future at any time in the privacy policy.

Nearby properties

These homes might interest you

Your shop

Engel & Völkers

engel & völkers shop image

Provider:

Green North Castle, S.A.

Privacy policy of content provider

License partner of Engel & Völkers Americas, Inc.

wavy pattern