Tip:
Highlight text to annotate it
X
Welcome to this historical and beautiful retail and office building for sale located on Parque
Santa Ana in Panama City, Panama. This generous space is located within the UNESCO World Heritage
Site of Casco Viejo. In this video, we’ll explore the building, its location, and the
lovely neighborhood of Casco Viejo. This renowned building was the first department
store in Panama. September 1935 was the inauguration of this new high end French bazaar. It stood
out in size and beauty with stained glass windows facing Avenida Central and Parque
Santa Ana. The office space is located on the 2nd and
3rd floors. This expansive space will be sure to impress with gorgeous views of Parque Santa
Ana, soaring ceilings 4 meters high, and shiny tile floors throughout.
The former French Bazaar is now restored into a contemporary office, retail, and industrial
space. This beautiful building has recently been painted and much of the electrical system
has been updated. Completely remodeled with modern comforts and quality, the charm and
elegance of this property has been complimented. The lot that this property sits on is one
thousand nine hundred ninety square meters with over 400 square meters of office space
and is currently one hundred percent leased generating excellent cash flow. There are
beautifully designed bathrooms and a convenient kitchen with high end appliances.
There are two retail spaces located on the first level of the building that combined
are one thousand one hundred square meters, and a storage space in the rear on three levels
totaling two thousand eight hundred thirty one square meters.
This property is located within the UNESCO World Heritage site of Casco Viejo. The historical
neighborhood is situated on a peninsula jutting off the coast of Central Americas most Cosmopolitan
City. A short leisurely walk from this property is Parque Herrera surrounded by historical
buildings that are currently being restored into an upscale hotel and apartments, a brewery,
restaurants, cafes, among other projects. Casco Viejo has developed over three hundred
years into a unique legacy of Spanish, French, and American Colonial, Neoclassical, and Art
Nouveau architecture. There is a small neighborhood feel even though it is located in the bustling
Panama City. A resident or visitor has every option available from exercise in Plaza Francia,
surfing the internet with the government’s free wi-fi hotspots, to enjoying a fancy night
out at the elegant National Theater. Investing in Casco Viejo property is also
a wonderful location to take advantage of the investment tax incentives. Panama is a
leading, emerging Latin American market. With a booming economy, stable government, strong
tourism, ecological wonders, spectacular beaches, and incentives for investors and retirees,
the future of Panama is looking hot. With an ideal location, expansive office space,
and revenue generating retail space, this for sale property is not to be missed. Thank
you for taking this tour with us, we hope to see you soon!