Commercial Space for Sale in San Felipe, Casco Viejo

Description

Commercial space for sale, currently a three-storey Restaurant with Terrace. Magnificent space located in the Casco Antiguo, with a terrace offering views over the city and the sea. It represents an excellent investment opportunity, with a welcoming atmosphere; the space has been carefully designed to provide an unforgettable experience. Ideal for investors or entrepreneurs in the gastronomy, hospitality, entertainment and nightlife sectors, seeking a well-appointed establishment that generates income from day one.

Amenities

• Air conditioning
• Ceramic / marble flooring
• Fitted kitchen
• Pantry
• Paved access
• Tourist areas
• Close to urban area
• Commercial area
• Terrace

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 business does this 356 m² space suit best?

The combination of an equipped kitchen, a pantry, two bathrooms and a terrace points naturally toward a restaurant or hospitality concept. It also works for retail or a gallery, since 356 m² allows a clear split between customer-facing areas and service areas. Any change of use or build-out should be validated in advance with the authorities that oversee Casco Antiguo.

What does being in San Felipe, Casco Viejo, mean for day-to-day operation?

This is a tourist and commercial district with steady pedestrian circulation through much of the year, which favors businesses that depend on walk-in traffic. Access is paved, though the streets in the sector are narrow, so loading and unloading is best planned around set hours. The property includes no parking, so it is worth reviewing nearby parking options for staff and customers.

What should a buyer check before closing on a property in Casco Antiguo?

We suggest verifying the title status, the current use permits, and the conservation rules that apply to buildings inside the historic monumental complex, since they govern facades and remodeling. It is also worth inspecting the electrical and plumbing installations and the air conditioning system. Maintenance amounts, closing costs and process timelines are provided in writing 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