Amador Theater for sale, Casco Antiguo, San Felipe

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Property Details

Property ID
29288
Status
For Sale
Location
Casco Viejo
Property Type
Building
Sale Price
$ 3,950,000
Total Area
11296 m2
Date Published
Jul 11, 2022
Times Viewed
394

Property Description

Teatro Amador is located in the heart of the historic district of the Republic of Panama, just a 5-minute drive from downtown Panama City and a 10-minute walk to the Subway station. Teatro Amador was built in 1908 by The Railroad Panama Company and is the oldest actively running theater and event space in Panama. In the 1980’s, most of the properties in the old town “Casco Antiguo”, were abandoned or damaged (due to the US Invasion in 1989). However, the property was re-built in 2012, 100 years after it’s opening.

The new design focused on a multidisciplinary space adapted to host shows, concerts, movies, films, corporate and private events. In 2015 and 2018, the venue underwent to other cosmetic upgrades including all new furniture, décor and the introduction of a new restaurant concept, Caliope. The value of the furniture, sound and visual equipment is approximately $350.000.

During the restoration, the architect incorporated many elements and details of Art Deco and Colonial design and the building is one of the most attractive architectural gems in the historic district. The building includes a total back-up power generator with automatic transfer system.

Teatro Amador is considered the best space in Panama City for live shows of up to 500 people. Buyers will be getting a top-notch sound and lighting system (many say the  best  in  Central  America),  amazing  acoustic engineering and infrastructure and two large bars with top-of-the-line equipment. In 2015, Teatro Amador was listed as #89 ranking of 100 Discos in the world according to DJ Mag.com 

Restaurant

Located on the level 300, the restaurant was fully renovated in 2014 and includes an exposed state of art kitchen with custom-made stainless-steel fixtures and furniture valued at over $300,000.

Offices & Co-working space. 

The upper floor contains a beautiful 2.895 Sq Ft office space with, a structural glass floor, up to 14 workstations, an 8-person private conference room, 1 private office, 1 semi-private room, 3 bathrooms, and kitchenette. 

Turnkey Price: $3.950.000 

Includes intellectual property, mailing lists, all furniture, fixtures, equipment and everything a new operator would need to execute their own vision. 

Property Features

  • Parking
  • Terrace-Deck
  • Furnished
  • Protected (Historical)
  • Air Conditioning
  • Near Restaurants
  • Near Amenities
  • Near Subway
  • Near Shops
  • Near Public Transportation
  • Near Highway
  • Near Fitness centre
  • Good reachable traffic
  • City Center
  • Downtown

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