Hybrid Building: Invest with Charm in Santa Ana, $580,000

This full building stands on Avenida Eloy Alfaro, in Santa Ana, right across from the newly renovated Santa Rita Stadium. Because of that, neighborhood life and commercial activity sit just steps from the front door. In addition, its location connects directly to Casco Antiguo, only minutes away on foot. As a result, this property blends the rhythm of a historic corregimiento with closeness to the city's most visited tourist district.

Santa Ana and Avenida Eloy Alfaro: the setting

Santa Rita Stadium and a freshly renovated neighborhood

Santa Ana is one of Panama City's oldest corregimientos, a direct neighbor of Casco Antiguo and its protected Historic Monumental Complex. Therefore, buyers here get the same closeness to the historic center without paying the premium of sitting inside the protected perimeter. Likewise, Plaza Santa Ana and its colonial-era church remain, to this day, a central gathering point for the neighborhood. In fact, Avenida Central, the pedestrian corridor running through Santa Ana toward Casco Antiguo, sits just a few blocks from this building.

Santa Rita Stadium, directly across from the property, was recently renovated as part of public investment in the corregimiento's sports facilities. For that reason, the immediate surroundings gain activity and upkeep, something that doesn't always happen in such central parts of the city. Likewise, Panama's traditional Chinatown, with its long-standing shops, sits a short distance away on the same Avenida Eloy Alfaro. In other words, this stretch of Santa Ana combines history, sport, and neighborhood commerce along one walkable corridor.

The supply of restorable buildings inside Casco Antiguo is limited by law, so investment demand naturally spills over into neighboring corregimientos like Santa Ana. Therefore, areas like this one tend to gain value as Casco Antiguo reaches capacity. In addition, Santa Ana offers a more accessible entry cost than buying directly inside the heritage perimeter. As a result, a building like this one combines historic proximity with a more reasonable entry point.

If investing near Casco Antiguo without paying its prices interests you, this building is worth a closer look. Reach out whenever you'd like, and we'll share the current occupancy status. There's no rush — we just want you to have the full picture before deciding. Meanwhile, let's keep going with the property's details.

The building: 625 sqm split between retail and housing

Ground floor: three commercial units with immediate income

The building has two levels and totals 625 sqm of construction, with an asking price of $580,000. The ground floor is divided into three independent commercial units, ready to generate rental income from day one. Consequently, a buyer can keep those units occupied while deciding what to do with the rest of the property. In addition, the RM3C2 zoning allows this mixed commercial and residential use within the same structure.

Buying an entire building, rather than a single unit, is uncommon in a city where most listings sell by individual apartment. For that reason, this type of asset tends to attract investors looking to diversify rental income in one move. Consequently, the three commercial units and the upper floors can be rented out separately, to different tenant profiles. That way, the risk of depending on a single tenant drops from day one.

Full buildings with already-diversified income don't come up often in this part of the city. That's why it's worth scheduling a visit soon, before someone else does first. Contact us this week and we'll arrange a tour with one of our agents. Meanwhile, let's look at what the upper level offers.

The apartments and the back patio: the residential side

Six apartments upstairs plus an extra patio space

The building's upper level holds six apartments, turning this property into a source of residential income on top of commercial. Therefore, the buyer doesn't depend solely on the ground-floor units to generate income. Likewise, the building has a small back patio that connects to an additional residential space, ideal for expanding the property's use. Specific finish details and the interior layout of each apartment are subject to direct confirmation with our team.

With three commercial units and six apartments under a single title, this building across from Santa Rita Stadium is, in short, a diversified rental opportunity near Casco Antiguo. For that reason, contact us right now to learn the current occupancy status and schedule a visit. Full buildings with this mix of uses don't stay available for long. Message us today and let's start the conversation.