For Sale in Ideal Casco Viejo Location zoned COMMERCIAL and RESIDENTIAL Las Bovedas

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For Sale in Ideal Casco Viejo Location! zoned
COMMERCIAL and RESIDENTIALLas Bovedas 1A
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Las Bovedas 1Aavenida a calle 1, Casco
ViejoPanama City, Republic of Panama

• 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 one at present zoned for
  residential or commercial
• Current renter has a lease through Dec 2008,
  which is extendable if desired. This commercial
  renter is one of the most renowned real estate
  firms in Panama City
• At 193 m2, one of the largest units in area
• Two floors, 3-4 bedrooms (one room has a
  divider). 2.5 bathrooms.
• Maids 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!

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Plaza Francia (one block away)
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Casco Viejo was declared a world heritage site by
UNESCO in 1997 and remains the oldest European
settlement on the entire Pacific coast of South,
Central, and North America. Its cobblestone
streets are lined with historic bohemian-Spanish
architecture and its quaint breezy plazas, with
their rustling trees and sidewalk cafes, are
unmistakably European. Hundred year-old buildings
nudge up against posh bistros and in-vogue
parlors share courtyards with presidential-like
palaces. At night, its streets buzz with locals
and visitors alike, eager to nab a plate of tapas
and a glass of wine before the night's
festivities. There are several restaurants and
museums, within walking distance of Las Bovedas
1A
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Calle 1 entrance
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Upstairs Master Bedroom
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View from the master bedroom of future Hotel
Casco Antiguo, Downtown Panama City, and The Bay
of Panama in the background (Plaza de Francia -
French Embassy and The National Institute of
Culture are the other direction)
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Future Hotel Casco Antiguo (originally built in
1915) to open in 2009 and a few steps from Las
Bovedas 1A
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495,000 (Potential discount with purchase of
upstairs penthouse) Las Bovedas 1A is currently
being rented to Arco Properties, so please be
respectful to their work environment.