Land for sale in Basak, Cebu, Lapu-Lapu, Cebu
Cebu, Philippines
Guide Price
$1,956,814
110,560,000 PHP
PROPERTY TYPE
land
BEDROOMS
1
BATHROOMS
1
Description
οΏ½ COMMERCIAL LAND WITH BUILDING & RETAIL SPACES FOR SALE
Income-Generating Retail Property | Basak, Lapu-Lapu City, Cebu, Philippines
With Existing Retail Arcade | High Foot Traffic | Prime Commercial Corridor
Own a Cash-Flowing Retail Asset in Mactanβs Fastest-Growing Zone
This is a rare opportunity to acquire a commercial land with an existing building and retail spaces in Basak, Lapu-Lapu City, one of Metro Cebuβs most active residential, tourism, and business districts.
Located just steps away from Gaisano Grand Mall Basak, the property benefits from constant pedestrian flow, strong consumer demand, and proximity to hospitals, resorts, schools, industrial zones, and the airport. With an operating 1-floor retail arcade, investors enjoy immediate income with excellent potential for redevelopment, vertical expansion, or long-term land banking.
οΏ½
Property Details
Property Type: Commercial Land with Building & Retail Spaces
Location: Basak, Lapu-Lapu City, Cebu, Philippines
Lot Area: 1,382 sqm
β 14,873 sq ft
Frontage: 25 meters
Existing Structure:
β 1-Floor Retail Arcade (income-generating)
Zoning: Commercial
Strategic
Location & Key Landmarks
20 meters from Gaisano Grand Mall Basak
3 minutes to Mactan Doctors Hospital
10 minutes to JPark Island Resort & Waterpark
11 minutes to Plantation Bay Resort and Spa
Minutes to Mactan-Cebu International Airport
Near MEPZ I & II, export processing zones, and dense residential communities
Close to banks, schools, churches, ports, and public transport routes
This
location guarantees daily consumer traffic, retail visibility, and tenant demand.
Ideal For
β Retail strip / commercial arcade
β Bank, pharmacy, clinic, or service center
β Food & beverage concepts
β Mixed-use commercial redevelopment
β Buy-and-hold income property
β Prime commercial land banking
Pricing
Price: β±80,000 per sqm
Total
Selling Price:
β±110,560,000
β USD $1.90 Million (approx., exchange-rate dependent)
An attractive valuation for a mall-adjacent, income-producing retail property in Mactan.
Why This Property Stands Out
Existing retail income from day one
Prime frontage near a major shopping mall
Strong residential + tourism catchment
High demand for neighborhood retail & services
Excellent redevelopment and appreciation potential
Strategic
location in Lapu-Lapu City growth corridor
οΏ½ Inquire Today
Mobile | Viber: View Phone
οΏ½ WhatsApp: https://wa.me/ View Phone
Site viewings, income details, and redevelopment discussions available upon request.
Disclaimer
All property details, prices, availability, income figures, lot areas, measurements, and USD conversions are subject to change without prior notice. Information is deemed reliable but not guaranteed.
Commercial land with building for sale Cebu β’ Retail property for sale Lapu-Lapu City β’ Income generating commercial lot Cebu β’ Basak Lapu-Lapu retail spaces β’ Near Gaisano Grand Mall Basak β’ M
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) β 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) β requires $75,000 investment in Philippine securities. No age minimum. Both offer permanent residency.
Learn more: The Complete Guide to Moving to the PhilippinesβKey Fact
English is an official language and widely spoken β 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 AbroadβPhilippines 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
- Β·Transfer tax: 0.5-0.75%
- Β·Documentary stamp: 1.5%
- Β·Capital gains tax: 6% (seller, but often negotiated)
- Β·Registration: ~0.25%
- Β·Notary: ~0.5%
Annual Costs
Property Tax
1-2% of assessed value (varies by city)
Insurance
β±5,000-15,000/yr
HOA / Condo Fees
β±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 β 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 β yours.
Contact Agent
PH PRO 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 β the complete pre-move checklist.
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