Commercial and/or Residential for Sale in Calle 1, Panama City, Casco Viejo, Panama

Best Opportunity in Casco Viejo(Commercial or Residential)!

*Beautifully restored home.
*Great residential home or for business opportunity.
*Prime location in the heart of Casco Viejo (Avenida A and Calle 1aO).
*Across the street from the future development of Hotel Casco Antiguo, a 70 room luxury hotel planned to take the site and surroundings of the former Hotel Colón.
*The property is on the same block as the French Embassy
*One of the only commercial properties for sale in the area.
*The only apartment at present zoned for residential or commercial
*Current renter has a lease through Dec 2008, which is extendable if desired.
*At 193 m2, one of the largest units in area
*Two floors, 3-4 bedrooms (one room has a divider). 2.5 bathrooms.
*Maid’s quarters with bathroom
*Sweeping wooden staircase and exposed brick.
*Some views of Downtown Panama City and Bay of Panama and that will never be blocked due to building restrictions
*24 hour security guard
*$212/month Building Administration Fee
****FOR SALE BELOW MARKET RATE FOR COMPARIBLES!****

There is a possibility to sell in combination with the 185 m2 Penthouse unit above the house