Property Video:

(Recent Reduction of $250,000 from the appraised value)

Property Description:

This property is a fantastic real estate investment in Casco Viejo, Panama boasting stunning ocean and city views. The total size of this five story Panama property is 4,939 m2 with 47 apartments, three retail spaces (located on the ground floor), and two warehouse spaces. This apartment building is located on the intersection of Avenida B and Calle 12 Este in Casco Viejo. All of the apartments have been recently remodeled to accommodate the new tenants. Investment in Casco Viejo property provide a great opportunity to own a piece of history. Casco Viejo is situated on a peninsula jutting off the coast of Central Americas most cosmopolitan city. There are beautiful plazas, cafes, night clubs, restaurants, museums, and culture venues amongst its charming cobble stone streets. Real estate in this UNESCO World Heritage site is being restored at an accelerating pace. Casco Viejo is perfect for living, investment or retirement. There are many financial incentives afforded to developers and residents. Panama is the leading, emerging Latin American economy. With strong growth, a stable government, world class resorts, ecological wonders, spectacular beaches, and incentives for investors and retirees, the future is Panama!