Majestic Property For Sale Located In The Heart Of The Casco Viejo

Majestic Property for Sale located in the heart of the Casco Viejo.

This Amazing building offers a blend of exquisite design, elegance, and comfort. This prime property of a 1,248.57 m2 construction area located on Avenida A, between 5th and 6th street, is strategically located near the bustling Canal Museum and embraces the vibrant atmosphere of a pedestrian-friendly street. An iconic building in the heart of Panama’s Casco Viejo, it offers two distinct architectural styles: the left side reflects the era of the Canal construction with a Spanish touch, while the right side showcases French colonial architecture.

Enjoy a range of advantages, including attractive tax incentives like a 30-year property tax exemption and no income tax on rental utilities. Combine this with the thriving tourism and commerce in the area, and you have a property with exceptional
profit potential.

The building’s prime and fully furnished location in iconic Casco Viejo adds to its allure as a compelling investment opportunity. Impeccably reconstructed, this masterpiece is currently yielding rental income.

The property is composed of 6 beautiful apartments that currently generate income through short-term apartment rentals and 3 commercial spaces under long-term commercial leases.

All apartments include luxury features, such as premium appliances: Viking gas stoves, electric water heaters, stainless steel double-door refrigerators and dishwashers, and washers and dryers.

The building’s interiors radiate sophistication ensuring a superior level of comfort with Carrara marble finishes, Brazilian granite countertops, custom vintage cabinets, handcrafted Mahogany closets, recycled Almond wood floors from the Panama Canal, and elegant Elegant Hans Grohe – Axor faucets. The property is also well-equipped with technology provisions for internet, cable, and phone connectivity.

Security features encompass multi-lock security systems, 3M security laminate on exterior windows, a 24-hour video recording system, and an intercom system with a camera. Common areas include a residential lobby, elevators, lobbies, and circulation areas.

Enhancing the Casco Viejo charm and located in a highly sought-after area, this property is poised to capitalize on the area’s tourism and commercial surge.

Contact us now to secure this remarkable investment opportunity and make the most of the thriving market potential.

Property Features