Development Opportunity at Casco Antiguo Entrance

This development opportunity is strategically positioned at the entrance of Casco Antiguo, one of Panama City’s most distinctive historic destinations and a UNESCO World Heritage Site. The property offers approximately 1,181 m² of land and approximately 5,900.92 m² of projected construction, with RMH2-C2 zoning and a proposed development concept already available for consideration. The property comprises two large existing structures within an area undergoing significant urban and cultural revitalization. The proposed concept combines residential and commercial uses, including neighborhood retail at ground level, residential units, parking and shared social spaces. The plans also envision an approximately 240 m² central park, pedestrian-oriented circulation and an area designed to encourage community interaction. For developers and investors, the value lies in the combination of location, land, existing structures and a defined architectural concept that provides a framework for a future mixed-use development. The residential concept includes studios and one- and two-bedroom residences, while the commercial component is designed to activate the ground level and contribute to a vibrant neighborhood environment. The architectural drawings are identified in the brochure as subject to approval. Located within San Felipe, the property benefits from the distinctive character of Casco Antiguo, with its historic architecture, pedestrian streets, cultural attractions and proximity to Panama City’s waterfront. The brochure highlights the area's long-term tourism and appreciation potential. Sale Price: US$1,990,000. • Property Type: Development Opportunity • Land Area: Approx. 1,181 m² • Projected Construction: Approx. 5,900.92 m² • Zoning: RMH2-C2 • Heritage Category: 3rd and 4th Order • Proposed Use: Residential & Commercial • Central Park: Approx. 240 m² • Parking: Proposed 22 spaces • Sale Price: US$1,990,000 • Location: San Felipe, Casco Antiguo, Panama City