1,167sqm Corner Commercial Building in Ermita Manila – Across Robinsons with Redevelopment Upside at ₱550M

"This commercial property in Ermita Manila is strategically located along Adriatico Street corner Salas Street, directly across Robinsons Place Manila—offering exceptional foot traffic and commercial exposure.

The property spans 1,167.50 sqm with approximately 4,402.26 sqm floor area, previously operated as an apartment-hotel and currently undergoing partial renovation, providing a strong foundation for redevelopment.

With its zoning classification and layout, the asset is ideal for boutique hotel conversion, serviced apartments, co-living spaces, or mixed-use commercial development.

Property Highlights:

Prime corner property across Robinsons Place Manila
Approx. 4,402 sqm existing floor area
Previously configured as an apartel (multiple units per floor)
Renovation started in 2020 (unfinished – customizable)
Current commercial income of approx. ₱600,000/month
Previous full income potential of ₱1.5M–₱2M/month
Zoned C-3 / Mixed-Use Development Zone (FAR up to 7)
Close to major landmarks, universities, and government institutions

The property is offered on an “as-is, where-is” basis.

Title status: Clean Title
Price: ₱550,000,000 (gross)**"