Multi-Unit Building in Strategic Location with Expansion

Strategically located in front of the iconic Instituto Nacional, in the heart of Panama’s historic Casco Viejo, Casa Estudiantes is a rare investment opportunity with exceptional upside potential. The property sits on a 377 m² (4,057 sq ft) lot, with the possibility of developing up to 1,876 m² (20,193 sq ft) of residential or mixed-use construction. Currently, the building operates as a rental complex with 14 fully leased apartments, providing immediate cash flow while allowing room to plan a larger development. The lot is zoned RM3-C2, which permits high-density residential and commercial projects, ideal for multi-family buildings, boutique hotels, student housing, or short-term rentals. The building holds Category 3 and 4 heritage designations, offering more flexibility in restoration and development compared to stricter historical categories. This makes Casa Estudiantes especially appealing for investors looking to blend historic charm with modern functionality. Located within walking distance of universities, metro stations, cultural institutions, and a vibrant nightlife and dining scene, this property is perfectly positioned for residential projects targeting students, digital nomads, or urban travelers. Casa Estudiantes offers the best of both worlds: current rental income and long-term development value, in one of the most culturally rich and high-demand neighborhoods in Panama City.