For Sale Reduced Price Great location Oceanview

Casa 8-23 Casco Antiguo Panama

Calle 11 Oeste, Panamá, Panama, Panama
  • $2,500,000.00 negotiable

Overview

Property ID: 40658
  • 40658
  • Property ID
  • Buildings, Building, Commercial, Historic District, Residential
  • Property Type
  • 11
  • Bedrooms
  • 15
  • Bathrooms
  • 1100
  • 2017
  • Year Built

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Description

Casa 8-23 Casco Antiguo Panama

World Heritage Site 1997

The Casa 8-23 Casco Antiguo (Old Quarter), or Casco Viejo in San Felipe, Panama City, is the right decision to make investments and receive incentives and tax exceptions. The new Panama City was constructed in 1673 after the pirate Henry Morgan destroyed the first, located 13 kilometers from the first Panama City.

After the Casco Antiguo was designated a World Heritage Site in 1997, the Panamanian government created a law to encourage the development of the Old Quartier. The Casco Antiguo law incentivizes the construction, reconstruction, purchase, and restoration of the Old Quartier estate and commercial activities.

Casa 8-23

Casa 8-23 is a mixed-use property with residential apartment units and prime commercial spaces around an internal courtyard. Commercial spaces are Calle (11) street-front.

Casa 8-23 location is on Calle 11 in the 1 ½ block to Panama Bay Ocean and 1/2 block from Ave A, the main avenue entering Casco Antiguo. The property benefits from high-density commercial zoning and sits just a half block away from the bustling Plaza Herrera, the home to Casco Antiguo’s most Popular restaurants.

This property has already been mostly renovated and can be monetized without a large construction and development.

Casa 8-23 Overview

Renovation Year: 2017

Construction Area: 1,067m2

Units Commercial: Spaces 2

Residential Apartments: 11 (with the option for (1) more)

Location: Calle 11 Oeste Casco Antiguo

Common Areas

Open-Air Interior Patio & Common Areas

Commercial Spaces

Two street-front Commercial Spaces

Apartments

(11) small apartments of one- or two-bedroom apartments. The interior design building spins around the patio, and each apartment has an eclectic and contemporary look.

The apartments are the perfect combination for a young crowd that looks for a community ambiance in Casco Viejo. Some units have open-air balconies toward the interior patio or the street and ocean view.

Casa 8-23

Making part of Calle’s bohemian neighborhood attracts young people spaces. 11, the upcoming conceptualized to and gastronomic.

Planned Development

There are currently six active developments in a one-block radius of 8-23. Additionally, Casa 8-23 has plans to develop a few neighborhood assets on Calle 11. This development will increase the real estate value of the properties on the street.

Details

Updated on September 22, 2023 at 4:07 pm
  • Property ID: 40658
  • Price: $2,500,000.00 negotiable
  • Property Size: 1100 m²
  • Bedrooms: 11
  • Rooms: 2 commercial areas
  • Bathrooms: 15
  • Year Built: 2017
  • Property Type: Buildings, Building, Commercial, Historic District, Residential
  • Property Status: For Sale, Reduced Price

Features

  • Address Avenida A, Calle 11
  • City Panama
  • Province Panama
  • Area Casco Viejo or Casco Antiguo

Overview

  • 40658
  • Property ID
  • Buildings, Building, Commercial, Historic District, Residential
  • Property Type
  • 11
  • Bedrooms
  • 15
  • Bathrooms
  • 1100
  • 2017
  • Year Built

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