Simple kitchen with cabinets and stainless sink in colonial Casco Viejo building

Kitchen: Compact kitchen with cabinetry, sink, and tiled backsplash in one apartment unit.

Vibrant colonial facades with balconies in Casco Viejo Panama investment property

Exterior: Colorful two-story colonial building with balconies and street presence.

Mixed-use street with commercial spaces in colonial Casco Viejo Panama building

Exterior commercial: Ground floor commercial frontage with residential above in historic district.

Steel security door and barred window typical colonial Casco Viejo Panama building

Exterior security: Ground floor access with secured metal doors & window bars.

Unfurnished room with partition wall and exit to balcony in Casco Viejo Panama

Bedroom: Simple interior with partition wall open to balcony ideal for apartment upgrades.

Street perspective of colorful colonial mixed-use building Casco Viejo Panama

Exterior: Historic zone colorful facades, balconies, street-facing apartments & retail units.

Room with frosted glass window and open door minimalistic colonial Casco Viejo

Bedroom: Unfurnished apartment bedroom with ample natural light and tiled floors.

Two story colonial commercial residential building teal color Casco Viejo Panama

Exterior: Mixed-use historic property with balconies and commercial ground floor.

Mixed-Use Residential + Commercial Building for Sale

Colonial Investment Building Casco Viejo Panama 5 Apts + Shop

Casco Viejo, San Felipe, Panama City

USD675,000

5 Bedrooms 6 Bathrooms 427.0 m² Area

About this Mixed-Use Residential + Commercial Building

Exceptional investment opportunity in the heart of Casco Viejo, San Felipe. This colonial heritage building spans 427 sqm constructed on a 225 sqm lot, featuring 5 ready-to-renovate rental apartments plus 1 ground floor commercial unit. The 2-story structure is in good condition with an appointed heritage quadrant (Protection Level 4), just steps from iconic Iglesia de Santa Ana, vibrant Plaza Herrera, and the scenic Cinta Costera. Original balconies with wrought-iron railings and historic façades intact, ready to be transformed into boutique apartments or a hospitality concept with income from retail. Built circa 1965, it retains colonial character with stonework, colorful facades, and interior courtyards possible. Perfect for residential or commercial redevelopment in a prime UNESCO-listed tourist hotspot. Price: $675,000. Don’t miss a strategic real estate asset in the thriving Casco Antiguo district.

Contact Maria Lopez at Casa Nova Realty Panama today to schedule a viewing! Reference Listing ID: 2LtmC1c.

Key Features

Includes 5 separate apartments plus commercial space
Ideal for short or long-term rental income
Original colonial architectural details
Balconies overlooking vibrant Casco Viejo streets
UNESCO World Heritage neighborhood
Proximity to numerous tourist attractions
Potential for boutique hotel or gallery
Steps from Cinta Costera and cultural landmarks

Detailed Features

Outdoor

Property Details

TypeMixed-use Residential + Commercial Building

CategoryInvestment

Size427 m²

Lot Size225 m²

Bedrooms5

Bathrooms6

FurnishedNo

Pets AllowedNo

Price/m²USD1,580.80 / m²

Listing ID2LtmC1c

Year Built1965

Casco Viejo Colonial Mixed-Use Building Amenities

Commercial premises

Ground floor retail unit suitable for shop, cafe, or gallery

Multiple apartment units

5 rental apartments ideal for income generation

Balconies

Several units with wrought-iron balconies overlooking streets

Street parking

Public parking on adjacent streets

Heritage designation level 4

Protected colonial façade with partial renovation potential

Location & Nearby

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Neighborhood Highlights

Historic UNESCO World Heritage District
Walking distance to Plaza Herrera, Cinta Costera, Plaza Catedral
Cultural epicenter with museums, theaters, fine dining, nightlife
Charming colonial architecture with vibrant facades
High tourism foot traffic year-round

Nearby Landmarks

Iglesia de Santa Ana (100m)
Plaza Herrera (200m)
Cinta Costera Coastal Beltway (150m)
National Theater (300m)
Presidential Palace (350m)

*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: 2LtmC1c. Last updated: 2025-11-07T23:59:00Z*