Description
A unique commercial building in its category, located in the heart of David city, directly across from Parque Cervantes, in one of the busiest, most visible, and most valuable areas of Chiriquí. This corner property borders the Parroquia Sagrada Familia, ensuring constant exposure and above-average pedestrian and vehicle flow.
The property features a 2,951 m² lot and approximately 4,500 m² of construction, distributed across four levels, offering spacious, functional areas with high expansion potential.
Prime Location:
Calle B Norte, between Av. 3ra Este and Av. 2da Este
Downtown David – a consolidated commercial zone with strong, stable demand
Building Features:
- 4 fully functional floors
- 30 offices of various sizes
- 8 commercial units, 7 of them with mezzanine
- Current income generation: over $21,000 per month, verifiable
- Stable occupancy: commercial units are always rented
Expansion & Value-Add Potential:
- With a strategic renovation, rental rates could increase by up to 20%, significantly boosting annual ROI.
- The lot includes a large rear area currently used as parking, ideal for:
- Constructing 2 additional levels of parking, connected directly to the building
- Expanding total construction area, increasing office or commercial inventory
This opens the opportunity to transform the asset into a larger commercial complex, making it even more attractive to corporate tenants and anchor brands.
Additional Structure:
The property includes a second warehouse-style building with double height, connected to one of the ground-floor commercial units.
- Refrigerated storage area
- Functional mezzanine
- Ideal for logistics, food operations, import businesses, or distribution
An exceptional opportunity for investors seeking a solid asset with high profitability, a premium location, and outstanding growth potential in the center of David.
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