Exterior of Edificio Banderas showing colonial balconies, arched doors, and decorative details in Casco Viejo Panama

Exterior: Historic facade with colonial arches and balconies on a cobbled street.

Central courtyard with balconies and colonial details in Edificio Banderas Casco Viejo Panama

Courtyard: Open-air interior courtyard with natural light, balconies and rustic details.

Rooftop of colonial historic multi-unit for sale in Casco Viejo Panama with skyline views

Rooftop: Elevated terrace with sweeping views over San Felipe and Panama City.

Multi-Unit Historic Building for Sale

Colonial Mixed-Use Building for Sale Casco Viejo Panama

Casco Viejo (Old Quarter), San Felipe, Panama City

USD2,500,000

6 Bedrooms 8 Bathrooms 770.0 m² Area

About this Multi-Unit Historic Building

Exceptional investment opportunity in Panama City's UNESCO-listed Casco Viejo. Edificio Banderas is a renovated colonial-style mixed-use building featuring approx. 770 m² of construction. Includes 3 spacious apartments with open kitchens, balconies, and laundry areas, plus a rooftop with spectacular city views. Two ground-floor commercial spaces offer strong retail potential on a highly trafficked heritage street. Colonial design with exposed beams, courtyard atrium, artisan tile floors, and balconies add historic charm. Ideal for boutique hotel conversion, multi-family residence, or short/long-term rentals. Strategic location near cultural landmarks, museums, fine restaurants, entertainment, and government buildings. Listed at $2,500,000. Contact Casa Nova Realty Panama and Maria Lopez for details and private viewing.

Contact Maria Lopez at Casa Nova Realty Panama today to schedule a viewing! Reference Listing ID: 4fvbfvU.

Key Features

UNESCO World Heritage location
3 multi-floor apartments with balconies
2 street-level retail storefronts
Central open-air courtyard atrium
Colonial architectural details preserved
Rooftop terrace with panoramic views
Tourist hotspot for steady rental income potential
Ideal for boutique hotel, residences, or mixed-use investment

Detailed Features

Property Details

TypeMulti-unit Historic Building

CategoryMixed-use Commercial & Residential

Size770 m²

Lot Size350 m²

Bedrooms6

Bathrooms8

FurnishedNo

Pets AllowedNo

Price/m²USD3,246.75 / m²

Listing ID4fvbfvU

Edificio Banderas Casco Antiguo Amenities

Rooftop terrace

Open rooftop space with city views suitable for events or future development.

Scenic balconies

Multiple colonial-style balconies overlooking charming streets.

Central courtyard

Bright open-air courtyard providing natural light.

Commercial storefronts

Two ground level retail spaces facing main street.

Multiple residential apartments

Three private apartment units ideal for rental income.

Pre-installed air conditioning splits

Air conditioning units in apartments.

Colonial architectural details

Exposed beams, arched windows, stone walls, ornate wrought iron railings.

Location & Nearby

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Neighborhood Highlights

Located in UNESCO World Heritage district Casco Viejo
Vibrant tourism hub with rich colonial architecture
Surrounded by boutique hotels, fine dining, nightlife, museums
High pedestrian traffic for retail
Historic urban center with cultural events year-round

Nearby Landmarks

Plaza Catedral (100m)
Museo del Canal Interoceánico (250m)
Teatro Nacional (300m)
Presidential Palace (400m)
Causeway Amador (2 km)
Cinta Costera (1 km)

*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: 4fvbfvU. Last updated: 2025-11-07T23:59:00Z*