Full Building for Sale on Avenida 4 de Julio, Santa Ana

Description

Full building for sale comprising 71 apartments and 35 parking spaces. An ideal investment property located on Avenida 4 de Julio, Santa Ana, with direct access in and out of the city via the Puente de las Américas and just minutes from Casco Antiguo. The property enjoys access from 2 streets and outstanding development potential. This property features: 71 apartments of varying sizes (all under a single title) 35 parking spaces Elevator Water tank Security cameras Laundry area Small social area Entrance with fingerprint access system Internet service Advertising billboards on the side walls All apartments are currently leased In addition, you will enjoy: Excellent strategic location High current occupancy with income of approximately 28,000 USD per month Potential to increase returns: apartments that could be rented for up to 500 USD following renovation Expansion potential to build approximately 30 additional apartments, thanks to 330 m² of air rights above the vehicle entrance area Direct connection to major thoroughfares and proximity to Casco Antiguo Area with high vehicular traffic and commercial visibility * A unique investment opportunity with significant potential for appreciation and development. For further information or to schedule a viewing, please do not hesitate to contact us; we will attend to you as soon as possible.

Amenities

• Water

Gallery

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Frequently asked questions

What kind of buyer or project suits a building with more than 30 bedrooms?

The scale of the property — more than 30 bedrooms and more than 10 bathrooms within 700 m² — points to rental by unit or by room rather than to a single-family home. It can also work for lodging projects or staff accommodation, always subject to zoning and the corresponding permits. This is an investor purchase rather than an end-user one, and it is best evaluated with occupancy numbers in hand.

What does the 4 de Julio, Santa Ana location mean for operating the building?

This is a central part of the city, mixed commercial and residential in character, with heavy foot traffic and good connectivity to the rest of the capital by public transport. That combination tends to support demand for short and medium stays. We suggest walking the surrounding blocks at different hours, since the area's activity changes between day and night.

What is included in the sale, and what should a buyer review before closing?

The sale covers the entire building, its 700 m² and the 29 parking spaces, with water supply among the property's services. Before closing, it is worth reviewing approved plans, zoning, the condition of the electrical and plumbing installations, and any lease agreements currently in place. We can provide that documentation, along with the breakdown of maintenance expenses and closing costs, on request.

Can a foreigner buy property in Panama?

Yes. Panamanian law grants foreigners the same ownership rights as nationals, with no residency requirement and no local partner. Specific restrictions apply to land near the borders. We guide you through every step of the process.

What costs should I expect beyond the price?

In addition to the purchase price, you should budget for transfer tax, notary fees, registration with the Public Registry, and legal fees. We provide the exact breakdown for this property before you sign the purchase promise.

Your advisor

DG Group Real Estate — licensed brokers in Panama City. We guide you from the first viewing through to registration with the Public Registry. +507 6528-6434