Calle Hercilia Lamela, Panama City, Panama City

Details:- 
This building is being sold directly from the original owners.
Newly renovated, this commercial property is a unique opportunity to own and operate a business in the high volume tourism area of El Cangrejo, Panama City in the Republic of Panama. 

The building, named the San Jose, is actively rented and managed with onsite staffing inside a secure, operating office. The business assets are included in the sale of the property. The building sits on a large lot with high-density zoning and is surrounded by many new restaurants and shops for current and future tenants to enjoy. The new Panama Metro system has two stations within walking distance to the building which is an added perk for tenants working in the surrounding financial and hotel districts. The building was constructed in the 1960’s era which was designed with large space barriers and balconies in almost every residential unit. There are 23 apartments and 2 commercial units facing the street, a 3rd commercial space also on the first floor, is used as the leasing office. These units include 8 two-bedroom apartments and 13 one-bedroom apartments and 2 studio apartments. 7 of which on the top, 3rd floor have been completely remodeled. 

As part of the 2018 Renovation which was done at a cost exceeding $500,000 and 3 years of construction time, an entirely new electrical system was installed begining with the transformer at the street. This was all done under the supervision and approval of the city administration and fire department.