Building for Sale in the Heart of the Old Town

Sale Price: $3,200,000

Total Area: 513 m²

Levels: 4

Use: Mixed (Residential and Commercial)

Zoning: RM H1 – C2

Distribution:

• Residential: 1 unit
• Commercial Space: 1 unit

The building features a loft-style commercial space on the ground floor, ideal for high-end offices, boutiques, or restaurants. This unit includes a modern conference room equipped with a videoconferencing screen, two private offices with en-suite bathrooms, and large windows providing excellent natural lighting.

On the upper levels, the property offers an exclusive residential space with high-quality finishes. This penthouse, distributed across two levels, features spacious terraces, balconies with panoramic views, and a layout designed to maximize comfort and elegance. Its strategic location makes it an ideal choice for those seeking a property that combines historical and modern value.

Tax Benefits:

This property enjoys exclusive incentives under Law 136 - Old Town, which include:

• 10 years of income tax exemption
• 30 years of real estate tax exemption

Located on one of the city's most exclusive streets, this building sits in the heart of the Old Town, declared a UNESCO World Heritage Site in 1997. This historic neighborhood is a key point for real estate investment, with growing demand in both commercial and residential sectors.

Environment and Property Appreciation

• Gastronomy and Entertainment: First-class restaurants, bars, and cafes with innovative offerings.
• Tourism and Culture: Historic attractions, art galleries, and constant cultural events.
• High Profitability: The rise of investments in boutique hotels, coworking spaces, and retail establishments drive the area's appreciation.
• Road Connectivity: Easy access to the city's main thoroughfares, with infrastructure improvements such as the Cinta Costera III.

This building represents a unique investment opportunity in one of Panama's most exclusive and rapidly appreciating areas.

For more information or to schedule a visit, please contact us.