Map Location

Description

Located in the heart of downtown Panama City, this commercial property offers a rare opportunity to acquire a substantial institutional-grade building in one of the capital's most established commercial districts. Zoned 1ZM7, the property is currently configured as a funeral home but may lend itself to a variety of commercial, professional, medical, or institutional uses, subject to applicable regulations.

The current layout includes a reception area, four offices, three viewing rooms, an embalming room, cafeteria, nine storage rooms, two full bathrooms, and two half bathrooms. Quality finishes include tiled floors, gypsum ceilings, aluminum-framed windows, and reinforced concrete construction.

The exterior improvements include parking for approximately five vehicles, three covered parking spaces, a covered entrance portal, and additional paved areas, bringing the total improvements to more than 485 m2.

Positioned within one of Panama City's most accessible commercial corridors, this property presents an outstanding opportunity for owner-users, healthcare operators, professional firms, religious organizations, or investors seeking a well-located commercial asset.

Features

* Downtown Panama City location

* 1ZM7 zoning

* Commercial/institutional building

* Parking for approximately five vehicles

* Three covered parking spaces

Property Details

Location: Ave Balboa, Panama City

Price: $1,433,700

Bedrooms: n/a

Bathrooms: 3

Location Type: Urban

Property Type: Commercial

Parking Spaces: 5

Year Built: 1929

Area: 485m2 Lot: 450m2