6 Floor Commercial Building For Sale in Batangas City Central Business District
Barangay 6, Batangas City
The property is walking distance to P. Burgos Avenue, Batangas City's main commercial street and the University of Batangas. It is about 3 Km away to Batangas Provincial Capitol, Lyceum of the Philippines University and Batangas District Hospital.It is ideal for hotel and related projects to meet the transient bed space needs of local tourists, businessmen, drug representatives, professionals & upper management job applicants and other day-time transient population of the highly urbanized Batangas City.Given the total floor area of the commercial building of 1,800 sqaure meters at a cost of P50,000,000, the average cost of the building is only P27,778 per square meter which reasonable price for a commercial building at Batangas City's CBD. Currently, the construction cost of house ranges from P25,000 up to P40,000 per square meter depending on the house finished. Moreover, the 360 square meters land cost is not yet included on the P50,000,000 price.To recover the P50,000,000 investment in the commercial building is to pursue its highest and best use as a hotel & related projects which has a good market for the day-time transient population of the highly urbanized Batangas City.Can schedule site inspection with us without commitment to assess the commercial building investment potential. Just give us 2-day lead time so we can advise the owner of the inspection.Call or text us.