5 Apartments in La Legación

Presenting a unique investment opportunity in Casco Antiguo, P.H. La Legación comprises five apartments within the historic La Legación building, available at a total price of $2,396,108.

Highlighting the architectural and historical significance of the La Legación building is crucial. The distinctive characteristics, including the style of openings and skylights, suggest a construction date around 1870. The facade, likely renovated a few years later, stands as an excellent representation of the French colonial style in San Felipe.

In 1883, it became the residence of engineer Jules Dingler, the chief engineer of the “Compagnie Universelle du Canal Interoceanique.” Even after the United States took over the canal’s construction, it remained the residence of the chief engineer, John Wallace. Subsequently, the property served as the initial headquarters of the American embassy, or “Legación ,” in Panama.

In 2007, Compañía Inmobiliaria San Felipe undertook the restoration of the building, following plans by the firm Hache Uve. The restoration, guided by the Dirección Nacional de Patrimonio Histórico (National Directorate of Historical Heritage), mandated the preservation of the original facade, all internal Calicanto walls, and the restored original wooden staircase—a testament to the building’s historical importance.

Features:

• Building restored by Compañía Inmobiliaria San Felipe in 2007
• Boasts the best location in Casco Antiguo, with just a few steps from Plaza Bolivar and Plaza Catedral
• Competitive square footage pricing
• Potential for making improvements that can yield an excellent return on rental units.
• Enjoy property tax exemption until 2037!
• Explore the possibility of benefiting from additional tax incentives through renovations
• Includes parking spaces and elevator.
• Terraces with spectacular ocean and Casco Antiguo views