Panama Real Estate For Sale | Casco Viejo Apartment Building (Ave B)
Welcome to this 47 unit revenue generating
apartment building for sale in Casco Viejo. With expansive views of the ocean and city,
this for sale property is an investors dream. Named Bola de Oro, or the Ball of Gold, this
5 story apartment building is a golden opportunity with 100 percent leased space generating excellent
cash flow. Bola de Oro has been well maintained with
fresh paint as well as retrofitted with new electrical. Over three fourths of the apartments
have been recently remodeled to accommodate the new tenants.
The total size of this property is four thousand nine hundred thirty nine square meters with
three retail spaces located on the ground floor. Edificio Bola de Oro is located on
the intersection of Avenida B and Calle 12 Este in Casco Viejo.
The historical neighborhood is situated on a peninsula jutting off the coast of Central
Americas most Cosmopolitan City. A short leisurely walk from this property is Parque Herrera
surrounded by historical buildings that are currently being restored into an upscale hotel
and apartments, a brewery, restaurants, cafes, among other projects.
Casco Viejo has developed over three hundred years into a unique legacy of Spanish, French,
and American Colonial, Neoclassical, and Art Nouveau architecture. There is a small neighborhood
feel even though it is located in the bustling Panama City. A resident or visitor has every
option available from exercise in Plaza Francia, surfing the internet with the government’s
free wi-fi hotspots, to enjoying a fancy night out at the elegant National Theater.
Investing in Casco Viejo property is also a wonderful location to take advantage of
the investment tax incentives. Panama is a leading, emerging Latin American market. With
a booming economy, stable government, strong tourism, ecological wonders, spectacular beaches,
and incentives for investors and retirees, the future of Panama is looking hot.
With expansive views, ideal location, and revenue generation, this for sale property
is a golden opportunity. Thank you for taking a tour with us, we hope to see you soon!