Property Description

INVESTMENT OPPORTUNITY – COMMERCIAL SPACE IN CONDADO MALL Commercial space for sale in the Condado Mall building, strategically located in the Condado del Rey area, with excellent access to major city thoroughfares. The property has 91.65 m², a functional layout suitable for an office, retail, or services, and includes one parking space, an office, a kitchenette, a restroom, and a utility room. Asking price: $219,000 Appraised value: $275,000 Difference vs. appraised value: $56,000 HOA fees: $229.13 monthly Area: 91.65 m² (approx. 92 m²) Price per m²: approx. $2,390 No mortgage The appraisal establishes a market value of $275,000, compared to the current asking price of $219,000. This represents a sale price approximately 20% below the appraised value. Furthermore, the report indicates that the property is mortgage-free. An excellent opportunity for investors, professionals, or companies seeking to acquire a commercial asset at an attractive price in a well-established area of Panama City. Price: $219,000. Contact us to schedule a visit and learn more about this opportunity.