Entire Building for Sale in Casco Antiguo

Description

Hotel for sale in an excellent location, at the entrance to Casco Antiguo. An ideal property for tourism and commercial investment, with great growth potential in the hospitality and entertainment sector. This property offers: 3 levels (ground floor + 2 floors) 35 rooms Bar on the ground floor (new and with current permits) 240 m² per floor In addition, you will enjoy: Strategic location at the entrance to Casco Antiguo Close to the Presidency and to exclusive projects already under development High tourist traffic and excellent connectivity Current income of approximately 11,000 USD per month Growth potential for the bar, with projections of generating between 500 and 1,000 USD daily under good management Property with high profitability potential in the hospitality and entertainment sector. For more information or to schedule an appointment, please do not hesitate to contact us; we will assist you as soon as possible.

Amenities

• Water
• Alarm
• Tourist accommodation

Gallery

The area: Casco Viejo

Casco Antiguo, also called San Felipe or Casco Viejo, occupies the historic peninsula at the entrance to Panama Bay, where the city was rebuilt after the destruction of Panamá Viejo. It is the capital's colonial and republican-era quarter and a UNESCO World Heritage Site, made up of narrow streets, plazas, churches and restored balconied buildings. Government offices, museums, boutique hotels, small creative businesses and an active dining and nightlife scene sit alongside a resident community that shares the area with visitors. From its seafront walks you look out over the water, the modern skyline across the bay and the coastal road that links the quarter to the rest of the city.

For buyers, Casco Antiguo offers something that cannot be replicated: historic property within a protected zone, where supply is limited and conservation rules govern façades, heights and alterations. Restoration therefore calls for proper technical and legal guidance, but the same rules protect the character of the district over time. Stock is mainly apartments in rehabilitated buildings, courtyard houses and ground-floor commercial space, which appeals to urban residents, foreign owners and investors looking at tourist or short-term rental use, subject to current regulation. The quarter is walkable and genuinely mixed-use, well connected to the banking district, though parking is scarce and should be confirmed property by property.

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Frequently asked questions

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

The property is aimed at a buyer looking to operate or develop a lodging business, since tourist accommodation is among its permitted uses. It may also interest someone evaluating a reconfiguration into long-term rental units within the historic quarter. DG Group Real Estate can provide the current use and permit documentation so your team can review it before making an offer.

How are the 720 m² distributed across so many bedrooms and bathrooms?

This is a complete building rather than a single unit, so the 30-plus bedrooms and 10-plus bathrooms are spread over several floors, with compact rooms and shared bathrooms in a layout typical of hotel operation. Floor plans and the area breakdown for each level are available on request. We suggest walking the building floor by floor to understand the circulation and the common areas.

What should a buyer check before closing in Casco Viejo?

Because the property sits within the historic district, it is worth confirming with the competent authorities the rules that apply to façades, heights and interventions before planning any remodeling. It is also advisable to review the structure, the electrical and plumbing installations, and the title status of the 29 parking spaces. Closing costs, legal fees and any associated maintenance charge are detailed in writing whenever you request them.

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