6 Bedroom Commercial for sale in Basak, Cebu, Lapu-Lapu, Cebu
Cebu, Philippines
Guide Price
$336,283
19,000,000 PHP
PROPERTY TYPE
commercial
BEDROOMS
6
BATHROOMS
6
Description
An exceptional investment awaits in the heart of a bustling urban landscape. We are proud to present this Prime Whole Commercial Building, A Versatile Investment Opportunity, strategically located in Basak, Cebu City. This unique asset offers not just a substantial multi-level structure but also an adjacent undeveloped lot, providing a rare combination of immediate utility and immense potential for future growth. The property’s prime position in a high-traffic area ensures excellent visibility and accessibility, making it a strategic choice for any enterprise looking for a Commercial building for sale in Basak and establish a strong presence in Cebu.
The true value of this property lies in its incredible adaptability. It can effortlessly be configured to suit a wide range of business models, from a high-demand residential apartment complex or dormitory serving the local workforce to a distinguished corporate headquarters or a dedicated staff housing facility. The functional layout, with its multiple floors and existing common areas, provides a solid foundation that can be customized to meet specific operational needs. This flexibility confirms its status as a Prime Whole Commercial Building, A Versatile Investment Opportunity, ready to generate income from day one.
Furthermore, the inclusion of the vacant lot is a game-changer, offering a secure land bank for future expansion. Imagine developing a second building to double your rental capacity, constructing a larger, dedicated parking facility, or creating an exclusive amenity space for tenants. This built-in potential for growth is a rare find within the city, future-proofing your investment and maximizing its long-term value. Seize this chance to acquire a property with limitless potential. Inquire today to own this Prime Whole Commercial Building, A Versatile Investment Opportunity. A Commercial building for sale in Basak like this is an opportunity not to be missed.
Features and
Amenities
Multi-Unit Configuration: The building is designed with large, independent units perfect for leasing.
The second floor
features a complete residential unit with three (3) bedrooms, each with its own private bathroom.
The third floor mirrors this layout, also containing a three (3) bedroom unit where each room has an ensuite bathroom.
Complete Living Spaces: Each 3-bedroom unit includes its own spacious living room, dining area, a full kitchen, and a private balcony.
Expansion Ready: The property includes a separate, undeveloped lot at the rear, perfect for future expansion or additional facilities. This offers an added advantage for those seeking a Commercial building for sale in Basak.
Secure Parking: A private, gated driveway provides secure parking for both cars and motorcycles.
Strategic
Location: Situated in the accessible and high-traffic area of Basak, Cebu City.
Property ID: SCSRB1
Type: Commercial / Residential Building
Location: Basak, Cebu City
Floor Area: 380
Lot Area: 259
Bedroom
Location
Open in Google MapsLiving in Cebu
Island-hopping on weekends, karaoke as a national religion, and a Filipino hospitality so genuine that you will be adopted by your neighbor's entire extended family before your first month is over.
Visa
SRRV (Special Resident Retiree Visa) — available from age 40+. Requires $15,000-50,000 deposit depending on age and pension status. Grants indefinite stay with multiple-entry privileges. SIRV (Special Investor Resident Visa) — requires $75,000 investment in Philippine securities. No age minimum. Both offer permanent residency.
Learn more: The Complete Guide to Moving to the Philippines→Key Fact
English is an official language and widely spoken — making the Philippines the easiest Asian country for American expats to navigate daily life. Private healthcare is excellent and affordable, but infrastructure outside Manila can be underdeveloped.
Learn more: The Cheapest Cities to Live Abroad→Philippines at a glance
How Philippines scores for American expats
Cost of buying in Philippines
Estimated fees and ongoing costs for this property
Closing Costs
5-8% of purchase price
- ·Transfer tax: 0.5-0.75%
- ·Documentary stamp: 1.5%
- ·Capital gains tax: 6% (seller, but often negotiated)
- ·Registration: ~0.25%
- ·Notary: ~0.5%
Annual Costs
Property Tax
1-2% of assessed value (varies by city)
Insurance
₱5,000-15,000/yr
HOA / Condo Fees
₱3,000-10,000/mo for condos
Good to Know
Agent Fees
Seller pays (3-5%)
Foreign Buyer Note
Foreigners CANNOT own land. Can own condo units (max 40% foreign quota per building). Houses possible via long-term lease or Filipino spouse.
Legal help in Philippines
Hire your own attorney — not the seller's. We'll match you with a vetted local lawyer.
Need a local attorney in Philippines?
We'll connect you with an independent, English-speaking real estate attorney experienced with foreign buyers. Not the seller's lawyer — yours.
Contact Agent
Cebu Grand Realty
Next steps for moving to Philippines
Interested in this property? Here's how to move forward.
Understand the buying rules
Foreign ownership laws vary wildly by country. Some welcome you, others restrict or ban foreign buyers entirely.
Sort out your visa
Owning property doesn't give you the right to live there. Research residency options before you buy.
Plan your finances
Understand currency risk, international wire transfers, and whether you can get a local mortgage.
Know your tax obligations
US citizens are taxed on worldwide income. You'll need to file US taxes from abroad and may owe local taxes too.
Set up healthcare
Medicare doesn't cover you overseas. You'll need international health insurance or a local plan.
Run the full checklist
Banking, mail forwarding, power of attorney, pet import rules — the complete pre-move checklist.
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