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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