Panama - Casco Viejo, San Felipe, Panama City, Address available on request

002391912046 - Prime Commercial Space in Historic Casco Antiguo - Discover an exceptional business opportunity in the heart of Casco Antiguo at Mansion Baluarte.This spacious 147 square meters (approx. 1,582 square feet) commercial venue is strategically located in front of the iconic Baluarte Mano de Tigre and Plaza Herrera.Boasting a prominent street frontage,your business will benefit from a constant flow of locals and tourists alike.This well-appointed space is perfect for retail, a trendy cafe, or an upscale boutique. With the vibrant atmosphere of Casco Antiguo as your backdrop, seize this chance to establish your brand in one of Panama City's most sought-after destinations.Investing in real estate in Casco Antiguo, Panama, offers several attractive benefits that make it a desirable choice for investors. Here are some of the key advantages:Historic Charm and Cultural Heritage: Casco Antiguo is a UNESCO World Heritage Site, renowned for its well-preserved colonial architecture, charming cobblestone streets, and historic landmarks. Investing in this area allows you to be part of a unique cultural and architectural experience, attracting tourists and visitors looking for an authentic and enriching environment.High Demand for Short-Term Rentals: Casco Antiguo is a popular tourist destination, attracting both domestic and international travelers throughout the year. Investing in real estate here allows you to tap into a lucrative short-term rental market, providing the opportunity for significant rental income and high occupancy rates, especially during peak tourist seasons.Growing Tourism Industry: Panama's tourism industry continues to flourish, and Casco Antiguo is at the forefront of this growth. The area attracts visitors interested in history, culture, and the vibrant social scene, contributing to the appreciation of property values and overall demand for accommodations.Government Incentives: The Panamanian government encourages investment in Casco Antiguo through various incentives and tax breaks. These incentives may include exemptions on property taxes, income tax, or capital gains tax, depending on the type of investment and the property's historical significance.Resale and Appreciation Potential: Due to its limited space and historical restrictions on new construction, Casco Antiguo experiences limited supply for real estate properties. As demand continues to rise, property values are expected to appreciate over time, providing a potential for capital gains upon resale.Diverse Investment Options: Casco Antiguo offers various investment opportunities, including commercial spaces, residential properties, boutique hotels, and vacation rentals. Investors can diversify their portfolios by choosing properties that align with their investment goals and preferences.Thriving Social Scene: Casco Antiguo boasts a vibrant social scene with an array of restaurants, bars, cafes, art galleries, and cultural events. This thriving atmosphere adds to the area's appeal for both residents and tourists, contributing to the overall desirability of owning property in this unique neighborhood.Proximity to Downtown Panama City: Casco Antiguo is just a short distance away from the modern and bustling downtown area of Panama City. This proximity offers a perfect balance between historical charm and modern amenities, making it an attractive location for both locals and expatriates.Overall, investing in real estate in Casco Antiguo, Panama, provides a combination of historical charm, tourism potential, diverse investment options, and government incentives, making it an appealing choice for savvy investors seeking both financial returns and an enriching cultural experience.