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 offices, boutiques, or high-end restaurants. This unit includes a modern conference room with videoconferencing capabilities, two private offices with private 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 option for those seeking a property with both historical and modern value.

Tax Benefits:

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

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

Located on one of the city's most exclusive streets, this building is situated 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.

Surroundings and Property Value Appreciation

• Gastronomy and Entertainment: First-rate restaurants, bars, and cafés with innovative offerings.
• Tourism and Culture: Historic attractions, art galleries, and constant cultural events.
• High Profitability: The boom in boutique hotel, coworking, and retail investments drives appreciation in the area.
• Road Connectivity: Easy access to the city's main thoroughfares, with infrastructure improvements such as 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.