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$ 500,000
Est. payment /mo
Active
Casco Viejo
371 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Lot Size 371 Sqft
Property Description
A Unique Investment: Building For Renovation In Casco Viejo
Your Legacy Project In A UNESCO World Heritage Site Today
Discover the perfect canvas for a development and investment project in the heart of Casco Viejo, a sought-after UNESCO World Heritage site. This building offers an exceptional opportunity for a total renovation, allowing a visionary investor to capitalize on the area's high value, tourism demand, and the prestige of owning a piece of Panamanian history. The property combines an existing construction of 228 m² (2,454.17 SQFT) on a small, valuable lot of 68 m² (731.94 SQFT).
The disproportion between the built area and the land is typical of the dense, highly valuable colonial core, indicating a multi-story structure of three or more levels. This
translates into a unique opportunity to maximize usable space, either by creating luxury apartments for short-term rental (Airbnb) or developing a boutique hotel/commercial space, maximizing vertical space. Since it requires a complete renovation, the future owner has the freedom to design modern interiors while respecting the building's historical character.
To live or invest in Casco Viejo is to secure an asset in the city's most vibrant and solid real estate market. The neighborhood benefits from a constant flow of high-end tourism and is a hub for gastronomy, culture, and art. This property is located in a strategic spot that ensures significant profitability, offering the potential for a high Return on Investment (ROI) once the restoration is complete.
Your Legacy Project In A UNESCO World Heritage Site Today
Discover the perfect canvas for a development and investment project in the heart of Casco Viejo, a sought-after UNESCO World Heritage site. This building offers an exceptional opportunity for a total renovation, allowing a visionary investor to capitalize on the area's high value, tourism demand, and the prestige of owning a piece of Panamanian history. The property combines an existing construction of 228 m² (2,454.17 SQFT) on a small, valuable lot of 68 m² (731.94 SQFT).
The disproportion between the built area and the land is typical of the dense, highly valuable colonial core, indicating a multi-story structure of three or more levels. This
translates into a unique opportunity to maximize usable space, either by creating luxury apartments for short-term rental (Airbnb) or developing a boutique hotel/commercial space, maximizing vertical space. Since it requires a complete renovation, the future owner has the freedom to design modern interiors while respecting the building's historical character.
To live or invest in Casco Viejo is to secure an asset in the city's most vibrant and solid real estate market. The neighborhood benefits from a constant flow of high-end tourism and is a hub for gastronomy, culture, and art. This property is located in a strategic spot that ensures significant profitability, offering the potential for a high Return on Investment (ROI) once the restoration is complete.
Listed by Nicole Perez • Engel & Völkers Panama City