Panama City - Beach Property For Sale #7405079

Multi-use property for sale in Ancon - Ideal for tourism or residential investment

Located in the strategic neighborhood of Ancon, just minutes from the Coastway, Amador Causeway, and Panama City's center, this currently operating hostel sits on a 697.89 m2 lot (7,511.51 sqft) and offers tremendous potential for various uses. With its spacious interiors and unique outdoor amenities, this is an excellent opportunity for developers or investors seeking flexibility and long-term value.

The construction includes 10 bedrooms spread across several levels and 6 shared-use bathrooms, allowing for efficient hostel operations or transitional housing. The ground level features a reception area, lobby, dining space, and fully equipped kitchen--ideal for hospitality services or community use.

Outdoor features are particularly noteworthy: terraces, balconies, a private bar area, and a rare private basketball court add unmatched appeal. One of the highlights is an open terrace with views of the Coastway and skyline, perfect for social gatherings. Additionally, the semi-open terrace on the 5th floor includes a built-in bar and gypsum ceiling, offering rooftop potential.

Whether you plan to continue operating it as a hostel or transform it into a multifamily residence, boutique office space, cultural venue, or co-living project, this property offers the location, structure, and outdoor features to bring your vision to life.

Asking price: B/. 740,000