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Vacant lot and dilapidated colonial building Casa Santiago prime corner for redevelopment Casco Viejo Panama City
Exterior: Corner view of Casa Santiago redevelopment site with exposed brick and empty lot.
Exterior of colonial building Casa Santiago with restoration potential Casco Viejo Panama
Exterior: Deteriorated colonial-era wall with historic urban character for renovation project.
Urban historic corner lot with colonial wall Casa Santiago Panama Old Town
Exterior: Vacant lot bordered by exposed brick with historic architecture potential.
Gravel lot inside colonial structure for redevelopment in Casco Viejo Panama
Exterior: Interior vacant lot view within colonial facade perfect for restoration project.
City plan aerial highlighting Casa Santiago site Calle 13 Oeste and Calle B Casco Viejo Panama
Aerial view: Aerial view showing location in heritage district, near coastline and landmarks.
City map with highlighted Casa Santiago location near coastline historic center Panama
Aerial: Urban planning map highlighting property position with major streets and coastline.
Old brick walls and colonial structure Casco Viejo Panama investment property
Exterior: Detailed view historic masonry and lot suitable for colonial restoration.
Vacant lot with colonial walls in Casco Viejo prime redevelopment Panama City
Exterior: Vacant land in heritage zone ideal for mixed-use boutique project.
Land With Redevelopment Project for Sale

Casco Viejo Development Site Casa Santiago for Sale Panama

Casco Viejo, San Felipe, Panama City

USD480,000
7 7 640.0 m²

About this Land With Redevelopment Project

Exceptional investment opportunity in prime Casco Viejo. This corner lot of 227 m² at Calle B and Calle 13 Oeste has an approved pre-project by architect Young Torquemada (Aug 2022) to rehabilitate a beautiful colonial building of approx. 640 m². Design includes 3 commercial units on ground floor and 7 residential apartments above, plus rooftop social area. Ideal for boutique hotel or mixed-use rental generating income from retail + apartments. UNESCO zone, vibrant tourist hotspot surrounded by restaurants, boutique hotels, nightlife and historic plazas. Zona RMH2, suggested use category 3. Excellent potential with tax incentives. Priced at $480,000 (approx $750/m² construction). Contact Casa Nova Realty Panama to invest in Panama’s Old Town renaissance.

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

Key Features

  • Approved architectural pre-project for mixed-use rehab
  • Corner exposure facing future Casa Santa Ana Foundation
  • Zoning RMH2, investment incentives
  • Historic colonial stone and brick walls for restoration
  • Tourist-rich area surrounded by restaurants and hotels
  • Multiple commercial storefronts with prime visibility
  • Upper floors with 7 designed apartment units
  • Large rooftop azotea with city/ocean views

Detailed Features

Property Details

TypeLand with redevelopment project
CategoryMixed-use Development Opportunity
Size640 m²
Lot Size227 m²
Bedrooms7
Bathrooms7
FurnishedNo
Pets AllowedNo
Price/m²USD750.00 / m²
Listing ID2MwzaCq

Casa Santiago Amenities

Historic Façade Potential

Capability to restore and enhance colonial exterior features.

Commercial Ground Floor

Ideal space for high-visibility retail or dining venues.

Multiple Residential Units

Approved layout includes 7 apartments with rooftop terrace access.

Rooftop Social Deck

Proposed azotea offering skyline views of Casco Viejo and the ocean.

Mixed-Use Development

Blend of commercial storefronts and residential dwellings for investment income flexibility.

Location & Nearby

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Neighborhood Highlights

  • Renowned UNESCO World Heritage historic quarter
  • High tourist foot traffic area with vibrant nightlife
  • Surrounded by colonial architecture and boutique hotels
  • Walking distance to plazas, restaurants, museums, and marina
  • Major redevelopment incentives zone with urban renewal focus

Nearby Landmarks

  • Plaza Herrera (150m)
  • Museo del Canal Interoceánico (350m)
  • American Trade Hotel (250m)
  • Cinta Costera Coastal Belt (300m)
  • Casa Santa Ana Foundation (Future) (Directly opposite)
*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: 2MwzaCq. Last updated: 2025-11-07T23:59:00Z*
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