Partially enclosed courtyard with weathered colonial facade and simple finishes in Casco Viejo Panama

Exterior/Courtyard: Urban courtyard featuring metal roofing and original colonial details ideal for renovation.

Weathered balcony with jalousie window and decorative railing in colonial building Casco Viejo

Balcony/Exterior: Classic colonial balcony facing street with restoration potential.

Colonial style facade with balconies and commercial storefronts Casco Viejo Panama

Exterior: Street view with ornate balconies and retail space on ground floor.

Colonial mixed-use building in Casco Viejo with balconies and decorative arches

Exterior street view: Multiple balconies and arches on commercial-residential building façade.

Street view of colonial mixed-use commercial and residential building in Casco Viejo Panama

Exterior commercial-residential: Retail space below with residential floors and balconies above.

Interior stairwell leading to basement area in colonial era Casco Viejo building

Interior stairwell: Basic enclosed staircase providing access between levels.

Building for Sale

Casco Viejo Colonial Building for Sale | Historic Investment Panama

Casco Viejo, San Felipe, Panama City

USD400,000

6 Bedrooms 4 Bathrooms 621.0 m² Area

About this Building

Unique investment opportunity to acquire a historic colonial building in Panama's UNESCO-protected Casco Viejo, San Felipe. The 134 m² street-level lot supports up to 621 m² of buildable area across multiple floors, zoned RMH2-C2 (high density residential + commercial). Currently configured with approx. 6 rooms and 4 bathrooms, the structure is ripe for renovation into boutique hotel, luxury apartments with retail/dining below, or mixed rental spaces. Features classic balconies, ground retail potential, and charming colonial facade. Moments walk to iconic squares, museums, waterfront and vibrant nightlife. Priced attractively at $400,000 for this prime heritage asset. Perfect for visionary investors seeking a flagship project in Panama City's historic heart with tremendous appreciation potential. Contact Casa Nova Realty Panama's Casco experts for viewing.

Contact Maria Lopez at Casa Nova Realty Panama today to schedule a viewing! Reference Listing ID: 2mWecgZ.

Key Features

Colonial balconies with iron railings
Multiple retail storefront possibility
High ceilings and large windows
Prime UNESCO World Heritage zone
Mix of commercial and residential uses
Ideal for boutique hotel or apartments
Street level high foot traffic
Historic restoration eligibility
Potential rooftop terrace addition

Detailed Features

Outdoor

Property Details

TypeBuilding

CategoryCommercial & Residential Mixed-Use

Size621 m²

Lot Size134 m²

Bedrooms6

Bathrooms4

FurnishedNo

Pets AllowedNo

Price/m²USD644.12 / m²

Listing ID2mWecgZ

Casco Viejo Colonial Block Amenities

Potential rooftop terrace

Building permits may allow creating scenic rooftop leisure space.

Commercial storefront space

Ground floor retail or dining possibilities with sidewalk seating.

Multiple balconies

Charming colonial balconies overlooking street.

Residential apartments above

Multiple floors ideal for restoration into rental income units.

Historic features

Colonial arches, ornamental parapets and ironwork.

Location & Nearby

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Neighborhood Highlights

Located within UNESCO World Heritage historic district
Tourist hotspot with high pedestrian traffic
Close to Plaza Herrera, Plaza Catedral and waterfront
Vibrant art galleries, boutique hotels, cafes and nightlife
Easy access to Cinta Costera and city center

Nearby Landmarks

Plaza Herrera (150m)
Catedral Basílica Santa María la Antigua (300m)
Museo del Canal Interoceánico (350m)
Cinta Costera (500m)
Presidential Palace Palacio de Las Garzas (400m)

*Disclaimer: Property information is deemed reliable but not guaranteed and should be independently verified. Availability, price, and details are subject to change. Measurements are approximate. Listing ID: 2mWecgZ. Last updated: 2025-11-07T23:59:00Z*