COMMERCIAL SPACES FOR SALE IN PLAZUELA ALFARO, CASCO ANTIGUO

Investment Opportunity in Panama's Casco Antiguo!

Plazuela de Alfaro: Commercial Spaces for Sale

These spaces are located in the Plazuela de Alfaro Commercial Gallery, which features 10 commercial units at the entrance of Panama City's Casco Antiguo, on Bajada de Jaén and Avenida Eloy Alfaro. The commercial gallery is part of the Plazuela de Alfaro Condominium. The project is part of the Baluarte de San Felipe Master Plan for the restoration of 7 buildings at the entrance of Casco Antiguo, near a section of the ancient colonial wall and the Baluarte de Barlovento. This residential and commercial enclave includes 66 apartments, 31 commercial spaces, and 52 parking spaces.

Plazuela de Alfaro Commercial Gallery: History, Art, and Flavors

The Plazuela de Alfaro gallery is an exclusive venue designed to create the "ideal mix" and a welcoming atmosphere for residents and local and international visitors, offering a varied experience within Casco Antiguo. The gallery welcomes concepts such as:

• French restaurants or Panamanian cafés
• Antique shops or art galleries
• Bakeries or Latin American fashion brands

Unique Tax Incentives

The spaces in Plazuela de Alfaro Commercial Gallery were granted investment incentives under Casco Antiguo investment promotion law in December 2023. As of that date, you benefit from the following advantages:

• 10 years of income tax exemption for commercial activities conducted on the property
• 10 years of capital gains tax exemption for the sale or transfer of the property
• 30 years of real estate tax exemption

Available Spaces Details (sold together or separately)

Space 6:

• Size: 47.44 m² / 510.45 ft²
• Features: With access to the walled promenade. Ideal for boutique, jewelry store, art gallery, office, and other services
• Sale Price: $227,715 USD

Space 9:

• Size: 108.34 m² / 1,165.73 ft²