COMMERCIAL SPACE FOR SALE IN OLD TOWN, CASA CORDOVÉZ DE LEÓN

Unique Investment Opportunity: Commercial Space for Sale in Historic Panama City Old Town!

Acquire a commercial space in the historic Casa Cordovéz de León, part of the exclusive Plazuela de Alfaro Condominium, located at Bajada de Jaén and Avenida Eloy Alfaro.

This property is part of the Baluarte de San Felipe Master Plan, a project that promotes the restoration of seven buildings at the entrance of the Old Town. The project includes the construction of 66 apartments, 31 commercial spaces, and 52 parking spaces.

Exclusive Details of Unit No. 1

• Privileged location: Direct access to the famous Bajada de Jaén.
• Total area: 93.94 m² / 1,010.79 ft².
• Double height: Offers the possibility of building a mezzanine.
• Access: Features two entrance doors facing Bajada de Jaén.
• Unique characteristics: Includes a small garden with a section of the historic city wall of Panama City.
• Ideal uses: Perfect for boutique, café, jewelry store, art gallery, office, or various services.
• Sale price: $465,000 USD.

Unparalleled Tax Benefits

This property was granted benefits under the Investment Incentive Law for the Old Town in December 2023. This means that, from that date forward, you enjoy the following benefits:

• 10-year exemption from income tax on commercial activities.
• 10-year exemption from capital gains tax.
• 30-year exemption from property tax.

Do not miss the opportunity to invest in the historic heart of Panama with unique incentives.