Buildings in La Exposición | Avenida Cuba – Historic Church Building For Sale In Downtown Panama City
Location
La Exposición
Published
14/12/2023
Price/m² of construction
B/.4,203
Price/m² of land
B/.1,650
Lot Size
1200
Address of Property
MUVA, La Exposición
Year of construction
1930-1939
Stories
2
Balcony/Terrance
terrace
Swimming pool
no
Floor Number
planta baja
Benefits
Near a School
Near Traffic
Guest Parking
Laundry
2 o more Studio
Storage
Garden or Park
A/C
Patio
Central A/C
Corner Property
Living room & Dinning room
Details
This unique historic building constructed in 1935 was the site of the first Jewish synagogue in Panama City, which was then converted to an evangelical church in 2006. Located on a 1,200 m2 corner lot in the most prestigious area of La Exposición (Calidonia), it enjoys a safe, central location in the downtown core, perfect for an existing congregation or for redevelopment.
The property is flat, rectangular in shape and fully fenced. It can be accessed from Avenida Cuba or Calle 36. The “El Hatillo” building housing the Municipality of Panama and the Mayor’s Office is located across the street, and within easy walking distance are two hospital complexes (private and public), a metro station, multiple government offices, hotels and restaurants.
With favorable MP RM3 C2 zoning, the existing structure can be converted to a multi-family housing complex and/or commercial locales that allow for multiple business activities permitted.
As development of the downtown core moves west of Bella Vista, savvy investors and experienced developers are already acquiring properties in La Exposición, which many are deeming “the next Casco Viejo” given its historic importance and unique architectural style.
The property is flat, rectangular in shape and fully fenced. It can be accessed from Avenida Cuba or Calle 36. The “El Hatillo” building housing the Municipality of Panama and the Mayor’s Office is located across the street, and within easy walking distance are two hospital complexes (private and public), a metro station, multiple government offices, hotels and restaurants.
With favorable MP RM3 C2 zoning, the existing structure can be converted to a multi-family housing complex and/or commercial locales that allow for multiple business activities permitted.
As development of the downtown core moves west of Bella Vista, savvy investors and experienced developers are already acquiring properties in La Exposición, which many are deeming “the next Casco Viejo” given its historic importance and unique architectural style.