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Two-story pink building with green trim and barred windows. A yellow taxi is parked on the street in front. Cloudy sky.

Development Opportunity in Historic Category 4 in the Heart

$1,590,000
  • ~2,000 m² Living area

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.
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Engel & Völkers

Your advisor: Maria Arosemena

Property ID: AM-5083208

Property details
  • Property type

    Commercial Space

  • Living area

    ~2,000 m²

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