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Rare Development Opportunity in the Heart of Casco Viejo

$1,690,000~€1,512,027

Description

Rare Development Opportunity in the Heart of Casco Viejo Located right next to Casa Flow, in the heart of Panama City’s historic Casco Viejo district, Patio Casco offers a strategic investment opportunity with exceptional development potential. The property spans 365 m² of land (approx. 3,928 ft²) and offers a buildable capacity of up to 1,876 m² (approx. 20,188 ft²), making it one of the last true gems available in this iconic neighborhood. Zoned RMH2-C2 and classified under Historic Preservation Categories 3 and 4, the property allows for a wide variety of development options—whether a boutique hotel, residential apartments, commercial spaces, or a thoughtfully integrated mixed-use project that respects the area's architectural heritage while embracing modern urban living. Its privileged location places it steps from the area's most popular bars, clubs, restaurants, cafés, and cultural attractions, ensuring maximum visibility, high pedestrian traffic, and constant vibrancy. It's a setting that attracts both locals and international visitors, ideal for creating a destination that blends lifestyle, commerce, and legacy. Whether you're seeking to develop a landmark building, secure a long-term high-yield asset, or bring a visionary brand into the cultural core of Panama City, Patio Casco delivers unmatched potential. This is not just a property—it’s a foundation for something iconic in one of Latin America’s most authentic and dynamic neighborhoods.
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Engel & Völkers Panama City

Your advisor: Maria Arosemena

Property ID: AM-5083207

Property details
  • Object type

    Land

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