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Buildings in La Exposición | Avenida Cuba – Historic Church Building For Sale In Downtown Panama City

Price
B/.1,980,000
 (Reduced 1%)
Bedrooms
1
Bathrooms
6
Parking
10
M² of construction
471

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.