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$ 1,800,000
Est. payment | /mo
77 Beds
77 Baths
21,280 SqFt
$ 1,800,000
Est. payment | /mo
77 Beds
77 Baths
21,280 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 21,280 sqft
Price per Sqft $84
Bedrooms 77
Full Baths 77
Lot Size 4,262 Sqft
Property Description
Mixed-Use Property in Santa Ana
Location: Calle 18 Este, Santa Ana District, Panama City, Panama.
Appraised Market Value: US$2,100,000, according to the appraisal dated November 21, 2022.
Total Land Area: 396.25 m².
• Lot 1: 231.10 m².
• Lot 2: 165.15 m².
• Property Configuration: Two independent lots featuring two adjoining buildings designated for residential and commercial use.
• Building 1 – Pensión Arias: Four floors above the ground floor.
• Building 2 – PH Asvat: Five floors above the ground floor.
• Commercial Units: Two commercial spaces located on the ground floor.
• Unit 1: Approximately 200 m², occupied by Vendela at the time of the appraisal.
• Unit 2: 138.75 m², occupied by Bar Coliseo Night Club at the time of the appraisal.
• Rooms – Building 1: Five rooms on the first floor and nine rooms on each of the second through fourth floors, for a total of 32 rooms.
• Rooms – Building 2: Nine rooms on each of the first through fifth floors, for a total of 45 rooms.
• Total Number of Rooms: 77 documented rooms, each with an en-suite bathroom.
Common Areas: Reception, corridors, staircases, office, laundry room, and cleaning room.
Equipment and Facilities: Backup power generator, 1,250-gallon underground water tank, water pumps, electric water heaters, and reserve water tank.
Construction Features: Concrete floors finished with tiles, rendered concrete block walls, aluminum-framed windows, and slab ceilings finished with gypsum board.
Land Characteristics: Rectangular lot, mostly level topography, and fully developed site.
Available Infrastructure: Potable water connected to the IDAAN water supply network, sanitary sewer and stormwater drainage systems, electricity, telephone wiring, sidewalks, and concrete roads surfaced with asphalt.
Surroundings: Located near the Avenida Central pedestrian corridor, Avenida B, Mercado San Felipe Neri, and various commercial and tourist areas in the historic city center.
Zoning According to the Appraisal: RM3C2 and Urban District Standard 1ZM3, allowing multifamily residential use and complementary commercial activities on the ground floor.
Reported Physical Condition: Good, according to the 2022 appraisal.
Appraised Quick-Sale Value: US$1,900,000.
K.B.
Location: Calle 18 Este, Santa Ana District, Panama City, Panama.
Appraised Market Value: US$2,100,000, according to the appraisal dated November 21, 2022.
Total Land Area: 396.25 m².
• Lot 1: 231.10 m².
• Lot 2: 165.15 m².
• Property Configuration: Two independent lots featuring two adjoining buildings designated for residential and commercial use.
• Building 1 – Pensión Arias: Four floors above the ground floor.
• Building 2 – PH Asvat: Five floors above the ground floor.
• Commercial Units: Two commercial spaces located on the ground floor.
• Unit 1: Approximately 200 m², occupied by Vendela at the time of the appraisal.
• Unit 2: 138.75 m², occupied by Bar Coliseo Night Club at the time of the appraisal.
• Rooms – Building 1: Five rooms on the first floor and nine rooms on each of the second through fourth floors, for a total of 32 rooms.
• Rooms – Building 2: Nine rooms on each of the first through fifth floors, for a total of 45 rooms.
• Total Number of Rooms: 77 documented rooms, each with an en-suite bathroom.
Common Areas: Reception, corridors, staircases, office, laundry room, and cleaning room.
Equipment and Facilities: Backup power generator, 1,250-gallon underground water tank, water pumps, electric water heaters, and reserve water tank.
Construction Features: Concrete floors finished with tiles, rendered concrete block walls, aluminum-framed windows, and slab ceilings finished with gypsum board.
Land Characteristics: Rectangular lot, mostly level topography, and fully developed site.
Available Infrastructure: Potable water connected to the IDAAN water supply network, sanitary sewer and stormwater drainage systems, electricity, telephone wiring, sidewalks, and concrete roads surfaced with asphalt.
Surroundings: Located near the Avenida Central pedestrian corridor, Avenida B, Mercado San Felipe Neri, and various commercial and tourist areas in the historic city center.
Zoning According to the Appraisal: RM3C2 and Urban District Standard 1ZM3, allowing multifamily residential use and complementary commercial activities on the ground floor.
Reported Physical Condition: Good, according to the 2022 appraisal.
Appraised Quick-Sale Value: US$1,900,000.
K.B.
Listed by Ciara Caponi • Engel & Völkers Panama City
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