PRIME CORNER COMMERCIAL BUILDING FOR SALE | ERMITA, MANILA
Metro Manila, Manila, Ermita
Sale: ₱ 550,000,000
Full description
Listing ID: DE88-004940
Shophouse for sale in Ermita, Metro Manila near LRT-1 Pedro Gil
PRIME CORNER COMMERCIAL BUILDING FOR SALE | ERMITA, MANILA
PROPERTY DETAILS
Location: Ermita, Manila
Lot Area: 1,167.50 sqm
Floor Area: 4,402.26 sqm
Property Type: Former apartment-hotel / apartel
Condition: As-is-where-is; renovation started in 2020 but unfinished
Title: Clean title
Built in 1968; roof and elevator replaced in 2013
18 units per floor on the 2nd–5th floors; 13 units on the 6th floor
Ground floor with mezzanine suitable for retail or commercial use
FAR: 7
Property falls under C-3/MXD Zone
Currently non-operational
PRICE
₱550,000,000 GROSS PRICE
₱124,935.82/sqm
Current rental income: ₱600,000/month (commercial only)
Previous operational rental income: ₱1.5M–₱2M/month
KEY SELLING POINTS
Prime corner property directly across Robinsons Place Manila
Excellent redevelopment opportunity in a high-value commercial area
Large 1,167.50 sqm corner lot with 4,402.26 sqm existing floor area
Ideal for boutique hotel, apartment complex, co-living, or mixed-use development
Strategic proximity to schools, malls, government offices, hospitals, and major Manila landmarks
Strong existing structure with significant redevelopment potential
Major price reduction from ₱850M to ₱550M
PROPERTY DETAILS
Location: Ermita, Manila
Lot Area: 1,167.50 sqm
Floor Area: 4,402.26 sqm
Property Type: Former apartment-hotel / apartel
Condition: As-is-where-is; renovation started in 2020 but unfinished
Title: Clean title
Built in 1968; roof and elevator replaced in 2013
18 units per floor on the 2nd–5th floors; 13 units on the 6th floor
Ground floor with mezzanine suitable for retail or commercial use
FAR: 7
Property falls under C-3/MXD Zone
Currently non-operational
PRICE
₱550,000,000 GROSS PRICE
₱124,935.82/sqm
Current rental income: ₱600,000/month (commercial only)
Previous operational rental income: ₱1.5M–₱2M/month
KEY SELLING POINTS
Prime corner property directly across Robinsons Place Manila
Excellent redevelopment opportunity in a high-value commercial area
Large 1,167.50 sqm corner lot with 4,402.26 sqm existing floor area
Ideal for boutique hotel, apartment complex, co-living, or mixed-use development
Strategic proximity to schools, malls, government offices, hospitals, and major Manila landmarks
Strong existing structure with significant redevelopment potential
Major price reduction from ₱850M to ₱550M
Telephone number:
Key features
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Land area: 1,167.5 m2
Facilities
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24-hour security
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Access for the disabled
24-hour security
Access for the disabled
