Description

An exceptional property, a historic location, and a prime investment opportunity in one of Panama’s most exclusive and renowned destinations.

Discover CASA CONTEMPORÁNEA, a mixed-use building located in the heart of Panama City’s Casco Antiguo—just steps away from Plaza Herrera—where historic architecture, European industrial design, and artisanal finishes converge to create a unique real estate offering.

This opportunity is tailored for investors, corporate groups, and those seeking a high-value asset in one of the Panamanian capital’s most iconic tourist, cultural, and commercial districts.

By integrating both residential and commercial spaces, CASA CONTEMPORÁNEA allows for diverse real estate management and development strategies within a single asset.

INVESTMENT OPPORTUNITY | ENTIRE BUILDING

SALE PRICE: US$6,700,000.

CASA CONTEMPORÁNEA features a mixed-use structure spanning five levels, comprising:

8 residential apartments.
2 commercial spaces.
5 building levels.
Residential units ranging from 70 m² to 95 m².
Commercial space 1: approximately 143 m².
Commercial space 2: approximately 147 m².

AN INVESTMENT THAT COMBINES RESIDENTIAL AND COMMERCIAL SPACES WITHIN A SINGLE PROPERTY.

RESIDENTIAL COMPONENT | 8 APARTMENTS

The building houses eight residential units designed to offer comfort, functionality, and a contemporary living experience within a historic setting.

Key features:

Sizes ranging from 70 m² to 95 m².
1- and 2-bedroom layouts.
Balconies with views toward Plaza Herrera and Amador (depending on orientation).
Functional kitchens.
Appliances included.
Spacious bathrooms.
Abundant natural light.
Cross-ventilation. Contemporary finishes.

The units have been designed for short-term rentals, offering an alternative for investors interested in the hospitality and tourist accommodation market.

COMMERCIAL COMPONENT | 2 COMMERCIAL SPACES

CASA CONTEMPORÁNEA incorporates two commercial spaces, strategically located on the ground floor and basement level.

COMMERCIAL SPACE 1

Approximate area: 143 m².
Layout spanning the ground floor and basement.
A versatile space suitable for various commercial concepts.

COMMERCIAL SPACE 2

Approximate area: 147 m².
Layout spanning the ground floor and basement.
Potential for developing commercial and gastronomic ventures.

Both spaces represent an opportunity for businesses looking to establish themselves in an area with high tourist and commercial appeal.

Ideal for concepts such as:

Restaurants and cafés.
Luxury boutiques.
Art galleries.
Specialty shops.
Concept stores.
Gastronomic and cultural experiences.
ARCHITECTURE AND DESIGN | A FUSION OF HISTORY AND MODERNITY

One of the key attributes of CASA CONTEMPORÁNEA is its architectural vision, inspired by European industrial design and the work of renowned Italian designer Gio Ponti.

The project combines carefully selected materials and textures to create sophisticated, timeless spaces.

Notable features include:

Finishes imported from Italy.
Polished concrete floors.
Exposed brick.
Decorative wall coverings.
Wooden elements.
Functional partition panels.
Artisanal materials and textures.
A design that integrates aesthetics, lighting, and functionality.

A property that preserves the historic character of the Old Town (Casco Antiguo) while complementing it with a contemporary design approach.

PRIVILEGED LOCATION | CASCO ANTIGUO

CASA CONTEMPORÁNEA is located at 1005 Victoriano Lorenzo Street, just a few steps from Plaza Herrera, in the San Felipe district.

It occupies a strategic location within one of Panama’s most significant heritage and tourist destinations.

Key points of interest in the area include:

Plaza Herrera.
Plaza de Francia.
Paseo de las Bóvedas.
Interoceanic Canal Museum.
National Theater.
San José Church.
American Trade Hotel.
Casa Casco.
Fine-dining restaurants.
Boutique hotels.
Art galleries.
Boutiques and specialty shops.
Historic walking paths and cultural spaces.

Casco Antiguo offers a blend of international tourism, gastronomy, culture, entertainment, and commercial activity, all of which enhance the appeal of this location.

ZONING AND DEVELOPMENT POTENTIAL

CASA CONTEMPORÁNEA is designated for mixed-use development, with the following zoning classification:

RM H2 – C2

Furthermore, the property comes with final approval for real estate development.

This classification allows for the assessment of the property’s residential and commercial potential, subject to authorized uses, permit conditions, and the regulations applicable to the Casco Antiguo Historic Monument Complex.

TAX BENEFITS | SPECIAL REGIME FOR THE CASCO ANTIGUO

One of the most compelling aspects of this opportunity is its connection to the tax incentives established for the rehabilitation and enhancement of properties within the Casco Antiguo (Old Quarter).

According to the commercial information provided for this property, the following benefits are available:

A tax benefit related to the ITBMS (Value Added Tax), set at 2%.
An exemption from income tax for 10 years.
An exemption from property tax for 30 years.

These incentives are contingent upon compliance with legal requirements, certifications, permits, and conditions applicable to both the property and the activities conducted therein.

Law 136 of 2013, as amended by subsequent legislation, provides specific incentives for buildings constructed, reconstructed, or restored within the Casco Antiguo, including income and property tax exemptions, subject to certain conditions.

It is important to verify the scope of each benefit by reviewing the relevant tax and legal documentation before finalizing the acquisition.

WHY CONSIDER CASA CONTEMPORÁNEA AS AN INVESTMENT?

CASA CONTEMPORÁNEA represents a unique opportunity within the Panamanian real estate market.

Rather than merely acquiring individual apartments or commercial spaces, this offering involves the acquisition of an entire building, featuring two distinct components with the potential to generate income.

Key attributes include:

A prime location next to Plaza Herrera.
An entire mixed-use building.
8 residential units.
2 commercial spaces.
Potential for short-term rental operations.
Commercial spaces situated in a tourist-heavy area.
Distinctive architecture and finishes.
Zoning classification: RM H2 – C2 (according to commercial information).
Final approval (according to project documentation).
Potential tax incentives under the special regime for the Casco Antiguo.

An excellent option for investors looking to diversify their potential income streams through a combination of residential and commercial assets within a single property. A US$6.7 MILLION INVESTMENT IN THE HEART OF CASCO ANTIGUO.

REQUEST INFORMATION AND SCHEDULE A PRIVATE PRESENTATION!

Contact us to receive:

A complete technical profile of the building.
Layout of the five levels.
Architectural floor plans.
Square footage of the apartments.
Specifications for the two commercial spaces.
Photographs and renderings.
Zoning documentation.
Information regarding final approval.
Documentation on tax incentives.
Information on rental operations.
Investment details and terms of negotiation.

Message us on WhatsApp to discover a mixed-use real estate opportunity in one of Panama City’s most historically significant and tourist-appealing districts.

CONTEMPORARY RESIDENCE: HISTORY, DESIGN, AND HERITAGE. INVEST IN A UNIQUE REAL ESTATE ASSET IN PANAMA’S CASCO ANTIGUO.

Sale price: US$6,700,000. Information, square footage, and terms are subject to document verification and availability.