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Casa 8-23 Casco Viejo for sale is a mixed-use property of residential apartment units and prime commercial spaces around an internal courtyard. Two of the stores are street-front.
The Casco Antiguo (Old Quarter) or Casco Viejo location is in San Felipe. The new Panama City was constructed in 1673 after the pirate Henry Morgan destroyed the first Panama City, located 13 kilometers from the first city in Panama.
After the Casco Viejo was designated a World Heritage Site in 1997, the Panamanian government created a law to encourage the development of the Old Quartier. Casco Antiguo law stimulates the construction, reconstruction, purchase, and restoration of the Old Quartier estate and commercial activities.
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 and is home to Casco Antiguo’s most Popular restaurants.
This property has already been mostly renovated and can monetized without spending on construction and development.
Renovation Year: 2017
Construction Area: 1,067m2
Units Commercial: Spaces 2
Residential Apartments: 11 (with an option for (1) more)
Location: Calle 11 Oeste Casco Antiguo
Casa 8- 23 Common Areas
Open-Air Interior Patio & Common Areas
Two street-front Commercial Spaces
The building has Eleven (11) small apartments with one or two-bedroom. The interior design building spins around the patio, and each apartment has an eclectic and contemporary look.
That is 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.
Making part of Calle’s bohemian neighborhood attracts young people spaces. Eleven (11), the upcoming conceptualized to and gastronomic.
There are currently six active developments in a one-block radius of 8-23. Additionally, the developer of casa 8-23 is currently in plans to develop a few neighborhood assets on Calle 11. The development will increase the real estate value of the properties on the street.