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$ 2,479,000
Est. payment /mo
Active
Casco Viejo
5,872 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,872 sqft
Price per Sqft $422
Lot Size 0.618 Acres
Property Description
Strategic Income-Producing Building in Ancón with Major Expansion Potential
Situated in a key location in Ancón, next to the National Bingo, this property features a substantial 2,500 m² lot (approximately 26,910 ft²) and a built area of 545 m² (approximately 5,872 ft²), making it a prime opportunity for investors seeking both immediate returns and long-term growth.
The building currently produces income through operational apartments and commercial spaces, offering a stable cash flow from day one. Its expansive land allows for significant development potential, with room to build multiple towers or a high-impact mixed-use project that capitalizes on the property's full potential.
Located in one of Panama City's fastest-growing urban areas, the property guarantees sustained appreciation and strong long-term value. This is the ideal asset for forward-thinking developers looking to combine immediate profitability with scalable expansion opportunities.
Situated in a key location in Ancón, next to the National Bingo, this property features a substantial 2,500 m² lot (approximately 26,910 ft²) and a built area of 545 m² (approximately 5,872 ft²), making it a prime opportunity for investors seeking both immediate returns and long-term growth.
The building currently produces income through operational apartments and commercial spaces, offering a stable cash flow from day one. Its expansive land allows for significant development potential, with room to build multiple towers or a high-impact mixed-use project that capitalizes on the property's full potential.
Located in one of Panama City's fastest-growing urban areas, the property guarantees sustained appreciation and strong long-term value. This is the ideal asset for forward-thinking developers looking to combine immediate profitability with scalable expansion opportunities.
Listed by Maria Arosemena • Engel & Völkers Panama City