Prime Corner Commercial Building Across Robinsons Ermita | ₱550M Gross

DE88-004940

Category:
Commercial

Location:
Adriatico St. cor. Salas St., Lot 1443, Ermita, City of Manila (Across Robinsons Place Ermita)

Lot Area:
1,167.50 sqm

Floor Area:
4,402.26 sqm

Title Status:
Clean Title

Condition:
As Is Where Is (Renovation Unfinished)

Total Selling Price:
₱550,000,000.00 Gross
(₱124,935.82 per sqm)

Zoning:
C-3 / MXD

FAR:
7

Key Property Details:

1,167.50 sqm prime corner commercial lot

4,402.26 sqm existing building

Built in 1968 with strong structure and foundation

Former Apartel configuration:
• 18 units per floor (2nd–5th floors)
• 13 units on the 6th floor

Ground floor with mezzanine (ideal for retail/commercial spaces)

Roof and elevator replaced in 2013

Renovation started in 2020 (unfinished – new owner may complete & modernize)

Currently non-operational

Current Rental Income:
₱600,000/month (Commercial only)

Previous Operational Rental Income:
₱1,500,000 to ₱2,000,000/month (Residential + Commercial)

Unit Highlights:

Prime corner property in high-density commercial zone

Directly across Robinsons Place Ermita

Walking distance to St. Paul University Manila

Near Rizal Park (Luneta), National Museum Complex, Manila City Hall

Close to UP Manila and Philippine General Hospital

Minutes away from Intramuros, Fort Santiago, and Manila Cathedral

Ideal for:
• Boutique hotel redevelopment
• Serviced apartments or co-living spaces
• Mixed-use commercial development
• Long-term investment in a high-value commercial corridor

Price History:
September 2025 – ₱850,000,000 (₱193,082.64/sqm)
February 2026 – ₱550,000,000 (₱124,935.82/sqm)

Broker’s Commission:
As per agreement

Janssen Mendoza
Real Estate Broker

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