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Commercial 8-story Building for Sale – Strategic Location in Obarrio, Panama City

$ 3,000,000
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ID : 1076
Price: $ 3,000,000
Lot Size: 800 m2
Property Size: 2,701 m2

Description

Excellent opportunity for investors seeking a consolidated property with stable income and great development potential. This 8-story building, located in the heart of Obarrio, one of the most exclusive commercial and residential areas in Panama City, offers a privileged location, high visibility, and immediate connectivity to major roads.

The property sits on an 8,611 ft² lot, with 65.6 ft of frontage on Calle 58 Este (also known as Calle Santo Domingo), just a few feet from Vía Brasil and Calle 50. It has a usable built area of 29,075 ft², with 4,855 ft² of parking, offering comfort for both clients and staff.

Currently, the building has 25 occupied offices (not the entire building), generating $12,000 per month in rental income, making it a solid investment with immediate cash flow.

The current use is commercial, but its ZM6 zoning allows for multiple developments: multifamily residential, offices, retail, services, logistics, institutional, educational, cultural, sports, among others.

Floor distribution:

  • Ground Floor: 1 commercial unit, lobby with reception, multipurpose areas, 2 restrooms, and open parking.
  • Level 100: 2 offices, 4 restrooms, and janitor’s closet.
  • Level 200: Waiting room, 6 offices, 7 restrooms, and janitor’s closet.
  • Level 300: 6 offices, 7 restrooms, and janitor’s closet.
  • Level 400: 8 offices, 8 restrooms, and janitor’s closet.
  • Level 500: 2 offices, 5 restrooms, and janitor’s closet.
  • Level 600: 6 offices, 8 restrooms, and janitor’s closet.
  • Level 700: Waiting room, 9 offices, 3 storage rooms, machine room, and 9 restrooms.

Key features:

  • Elevator with capacity for 10 people.
  • Central air conditioning system in common areas.
  • Water reserve tank with 500-gallon capacity.
  • Good ventilation and space distribution that promote comfort and productivity.

Strategic location:

  • 656 ft from Vía Brasil (exit to Office Depot / PriceSmart)
  • 984 ft from Banistmo, Obarrio branch
  • 2,231 ft from Calle 50, one of the most trafficked and commercial avenues in the city

The area is surrounded by banks, supermarkets, office towers, clinics, restaurants, and high-profile residences, ensuring high rental demand and business activity.

Whether you want to maintain the current rental model, renovate to optimize income, or completely redevelop the property into a modern and profitable project, this building is a unique opportunity in Panama City’s financial and commercial core.

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Facebook 🏡   Prestige Panama Realty

Text me on WhatsApp 📲  Wee-Yiong Fung /Real Estate Agent

Area:
County:
Country: Afganistán
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Asphalt Road
Central A/C
City Views
Commercial Area
Elevator
Flat Land
Sidewalks
Visitors Parking

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Call +507 6981-5000 WhatsApp

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Testimonials

From Atlanta, Wee-Yiong was the only broker in David that I contacted via email. He kept me informed with photos and videos of properties that I might like.
Dwight Jenkins (Retired)
I have all my trust in Prestige Panama Realty, they manage my properties very professionally.
Dionisio Perez (Entrepreneur)
From the USA We are pleased with the service! it was very complete working with this real estate company.
David (Retired)

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Wee-Yiong Fung