Teatro Amador Casco Viejo

Teatro Amador, Panama City, Panama

For Sale $3,800,000.00
  • Bathrooms 6
  • Size (m2) 1118 m2





Air Conditioning

Property Description

Teatro Amador and amazing event, restaurant and co-working venue is being for sale and is located in the heart of the historic districtof Casco Viejo.

The ground floor and level 100 the mezzanine with more then 480m2 of space hosts the event venue which is considered one of the best space in Panama City for live shows up to 500 people. Included is a top-notch sound and lighting system (many say the best in Central America), with amazing acoustic engineering and infrastructure and two large bars with top-of-the-line equipment. The venue also has the capability to adapt to a variety of different private and corporate events including conferences, press events, product launches, cultural events or educational workshops.

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. From 2015 to 2020, the restaurant operated as Caliope Restaurant & Bar which achieved a rank of the #1 restaurant in Panama City by TripAdvisor out of over 900 total restaurants. The restaurant has 90 seats and can serve up to 200 for cocktail events. The restaurant has an integrated sound and acoustic system and is ideal for live shows and also includes two private dining rooms. The space includes a 320sq ft inner-courtyard with live green wall.

Level 400 has Offices & Co-working space. The upper floor contains a beautiful 2.895 Sq Ft office space with up to 14 workstations, an 8-person private conference room, 1 private office, 1 semi-private room, 3 bathrooms, and kitchenette.

Teatro Amador was built in 1908 by The Railroad Panama Company and is the oldest actively running theator 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.

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