For Sale ₱389,480,000 - Commercial Lot, Raw Lot
Looking for commercial development land in Mactan, Cebu? This property in Buaya, Lapu-Lapu City, offers a combined stated land area of 9,737 square meters across two lots, with approximately 93.56 meters of frontage according to the seller’s property details.
Located near the Basak–Cagodoy–Bankal–Buaya Road corridor, the property is presented as an opportunity for developers and investors evaluating a substantial landholding within Mactan’s established residential and commercial environment.
According to the seller, the property is titled, fully fenced, and accessible along a cemented road. The seller identifies vertical residential or commercial development, mixed-use development, and warehouse use as potential concepts, subject to verification of zoning, site suitability, and regulatory approvals.
Property Details
| Property Feature | Details |
|---|---|
| Property Type | Commercial / Development Land |
| Location | Buaya, Mactan, Lapu-Lapu City, Cebu |
| Lot 2783 | 6,258 sqm, according to the property documents |
| Lot 2-A | 3,479 sqm, according to the property documents |
| Combined Stated Area | 9,737 sqm |
| Frontage | Approximately 93.56 meters, per seller |
| Asking Price | ₱40,000 per sqm |
| Indicative Total Price | ₱389,480,000 |
| Price Terms | Net of taxes, per seller |
| Title Status | Titled, per seller |
| Site Features | Fully fenced; cemented-road frontage, per seller |
| Reference Materials | Lot plan, location map, satellite images, and property photographs |
Location and Surrounding Area
The supplied location maps place the property in Buaya, Mactan, near the Basak–Cagodoy–Bankal–Buaya Road corridor. Nearby map labels include H Mall, Pajac Wet Market, residential communities, shops, and other commercial establishments.
This surrounding context may be relevant to developers assessing access to local retail, services, and established communities. Buyers should verify actual travel times, road access, frontage, and nearby land uses through a site inspection.
For a broader look at commercial land opportunities and development considerations across Mactan, read our guide to Mactan commercial land development.
Potential Development Uses
The seller identifies several possible development concepts for the property:
- Vertical residential development: Subject to permitted density, building height, access, infrastructure, and approvals.
- Mixed-use residential and commercial development: Subject to official zoning and the feasibility of the proposed combination of uses.
- Warehouse development: Subject to land-use regulations, access requirements, site suitability, and applicable permits.
These are potential concepts, not confirmation that the uses are permitted or approved. Developers should obtain official zoning information and verify title boundaries, easements, road access, utilities, drainage, and applicable development restrictions before proceeding.
Asking Price
The seller’s stated asking price is ₱40,000 per square meter, net of taxes.
Based on the combined stated area of 9,737 sqm, the indicative total asking price is ₱389,480,000. The final price and transaction terms should be confirmed with the seller.
Frequently Asked Questions
Where is the property located?
The property is identified in Buaya, Mactan, Lapu-Lapu City, Cebu, near the Basak–Cagodoy–Bankal–Buaya Road corridor.
What is the total land area?
The seller’s property details state a combined area of 9,737 square meters, comprising Lot 2783 at 6,258 sqm and Lot 2-A at 3,479 sqm. Buyers should confirm the area and parcels included in the sale against the relevant titles and survey documents.
What is the asking price?
The stated asking price is ₱40,000 per square meter, net of taxes. Based on 9,737 sqm, the indicative total is ₱389,480,000.
How much frontage does the property have?
The seller states approximately 93.56 meters of frontage. The exact frontage and access arrangements should be verified against the approved survey plan and on-site conditions.
What development uses are being considered?
The seller identifies vertical residential or commercial development, mixed-use development, and warehouse use as potential concepts. Actual permitted uses depend on official zoning, site conditions, and regulatory approvals.
Is the property titled?
The seller describes the property as titled. Prospective buyers should independently verify ownership, title details, boundaries, and any encumbrances.
How can I request more information?
Contact MetroCebu.net to request further property details and coordinate a site inspection.
Request Property Details or a Site Inspection
For additional property information, supporting documents, and site inspection arrangements, contact MetroCebu.net.
Prospective buyers are encouraged to conduct legal, technical, zoning, and commercial due diligence before making an offer.
Disclaimer:
All property information, including prices, unit sizes, features, and availability, is subject to change without notice. While reasonable care is taken to ensure accuracy, final details are confirmed during the reservation and contract process. Buyers are advised to verify current information prior to commitment.
