Are you an investor seeking an exciting new project? Perhaps you're part of a restaurant or entertainment group yearning for a fresh, inspiring challenge. If this sounds like you, then brace yourself for an incredible deal that I'm about to reveal – one located in the heart of Panama, a thriving hub of culture and opportunity.
We're in Casco Viejo, one of Panama's five UNESCO world heritage sites. Since its establishment in 1997, this area has seen impressive gentrification. Today, it's a pulsating hotspot in Panama City, housing some of the most valuable real estate in the country. Here, you'll find a plethora of exquisite hotels, picturesque restaurants, vibrant discotheques, elegant rooftop lounges, charming cafes, and plenty of stores showcasing authentic Panamanian souvenirs and fine art.
Welcome to a once-in-a-lifetime opportunity in Casco Viejo. As the lead relocation specialist for Do Panama Real Estate and Relocation, I take pleasure in presenting this to you. We've recently established ourselves in two prominent spaces – the Waldorf Astoria Hotel and the beautiful Hilton Hotel – providing our clients with maximum convenience. Both these luxury hotels offer discounted corporate rates to our esteemed clients.
Our expertise lies in helping individuals relocate and retire in Panama. We connect you with the best attorneys and real estate agents, both in-house and from our team of vetted affiliate realtors. Furthermore, we facilitate the process of moving furniture, cars, or even pets to Panama. Whether you need help finding a school for your children or locating an American Standard Builder for your construction projects, we've got you covered.
The primary motive behind establishing Do Panama Real Estate and Relocation was to safeguard foreigners' investments in Panama. We offer unflinching support through every step of your relocation process. If you're interested in this project or any other business investment opportunities in Panama, we're here to discuss the various options and areas that may interest you, connecting you with the right realtors and decision-makers for your project.
Panama's abundance of opportunities is breathtaking. With more than 500 islands, stunning coffee plantations, and incredible mountains, there's a wealth of outdoor activities to pursue. Panama's welcoming locals and open-minded expats create a truly diverse and enriching experience.
Now, let me take you to one of Panama's most iconic buildings: Teatro Amador. Constructed in 1908 by the Panama Railroad Company, this edifice offers an impressive total space of 11,296 square feet. It has garnered fame as one of the best and most popular nightlife venues in all of Panama. The Teatro Amador features an astounding Sound and Lighting system worth over $300,000 and was even recognized as one of the top 100 disco venues globally in 2015.
Additionally, this venue houses a state-of-the-art restaurant space on the second level, renovated in 2014. The restaurant is equipped with a $300,000-value stainless steel kitchen and has an integrated acoustic sound system perfect for live shows. What's more, it has two private dining rooms and an outdoor courtyard with a living green wall.
As a world heritage site, Casco Viejo offers attractive tax incentives. This includes a 3% interest rate on commercial loans and a 30-year property tax exemption until 2042. Teatro Amador is entirely turnkey and comes with all intellectual property, furniture, kitchen equipment, and more, all for a listed price of just $3,950,000.
To add to its appeal, a new cruise port has opened up on the Amador Causeway in Panama City, attracting many new travelers and boosting the demand for restaurants and entertainment in and kept output to 1 due to "max tokens" Are you an investor, or perhaps a part of a restaurant or entertainment group? Are you on the hunt for your next grand venture, an opportunity that could change your professional life? Then sit back, relax, and keep reading, because I'm about to introduce you to a business deal of a lifetime in the heart of Casco Viejo, one of Panama’s five UNESCO world heritage sites.
Casco Viejo was established in 1997, and since then it has seen a wave of gentrification that transformed it into a pulsating hub. Today, this spot is a coveted destination for travelers and locals alike, boasting some of the most valuable real estate in the country. The district is filled with an array of amazing hotels, beautiful restaurants, pulsating discotheques, relaxing rooftop lounges, cafes, and an array of stores offering authentic Panamanian souvenirs. The art scene is also thriving, presenting you with fine works that could be the perfect addition to your collection.
And now, a once-in-a-lifetime opportunity awaits you in this bustling region, allowing you to own a piece of this lively action. But before we dive into the details of this opportunity, allow me to introduce myself. I am the lead relocation specialist for Do Panama Real Estate and Relocation. We have two offices located in the magnificent Waldorf Astoria Hotel and the beautiful Hilton Hotel, homes of the amazing Emotions Dinner Theatre. Our aim is to make your move to Panama as smooth as possible, connecting you with the best attorneys, real estate agents, and other essential services.
What's more, the key reason we started Do Panama Real Estate and Relocation was to protect foreigners' investments in Panama. Whether you're working with one of our Affiliates or our in-house team, we will walk alongside you throughout the entire relocation process.
Now, let's discuss the incredible business opportunity at hand. We have one of Casco Viejo’s most iconic buildings up for grabs: the Teatro Amador. This heritage structure, built in 1908 by the Panama Railroad Company, is one of Panama's most special buildings, offering a total space of 11,296 square feet. It includes a grand theatre, a restaurant space, and bonus office space on the third level. The Teatro Amador, popularly known as one of Panama's best nightlife venues, comes with an incredible sound and lighting system valued at or above three hundred thousand dollars. The venue, recognized as one of the top 100 disco venues worldwide in 2015, can accommodate up to 500 persons for a cocktail style event or 350 for a sit-down event.
The restaurant space located on the second level was totally renovated in 2014, equipped with a state-of-the-art open-air kitchen facing out to the restaurant. The stainless steel kitchen equipment alone carries a value of over three hundred thousand dollars. The space is enhanced with an integrated acoustic sound system, perfect for live shows, and two private dining rooms. And let's not forget about the outdoor courtyard with its living green wall.
An investment in Teatro Amador also comes with several tax incentives. The building is currently eligible for a 3% interest rate on commercial loans and a 30-year property tax exemption, which expires in 2042. This turnkey property, including all intellectual property, email lists, furniture, kitchen equipment, and all else related to the business, is listed at only three million, nine hundred and fifty thousand dollars.
This opportunity has become even more attractive with the recent opening of a new cruise port in Panama City, the Amador Causeway. This addition to the city is attracting many new travelers, and the entrance of Casco Viejo,