For Sale ₱130,000,000 - Commercial Lot, Industrial Lot
North Reclamation Area, Cebu City (Near SM City)
Location: J. De Veyra Street, North Reclamation Area
Lot Area: 983 square meters
Price: ₱130,000,000 (Net of all taxes and expenses)
Payment Terms: Cash
Why This Location Works
J. De Veyra Street sits at the core of the North Reclamation Area (NRA)—a corridor that functions less like a neighborhood and more like infrastructure.
This stretch supports:
- Port-related logistics
- Light industrial and service facilities
- Commercial back-of-house operations for Cebu’s northern CBD
Being near SM City Cebu matters here—not for foot traffic, but for road hierarchy, utility reliability, and long-term land behavior. NRA land doesn’t compete on aesthetics. It competes on access, throughput, and permanence.
If your use case depends on trucks, storage, staging, or commercial servicing, this address already fits the pattern.
Lot Characteristics & Access
- Total Area: 983 sqm
- Fronting J. De Veyra Street (established commercial road)
- Regular, usable shape suitable for:
- Warehouse or distribution facility
- Equipment yard or fleet parking
- Service center or trade-related operations
The surrounding parcels are already built up, which removes speculation risk. This is infill land, not fringe expansion.
Best-Fit Use Cases (Realistic, Not Hypothetical)
This lot is best suited for buyers who already understand NRA dynamics:
- Logistics or port-support operations
- Light industrial or storage facilities
- Commercial service hubs requiring fast city access
- Long-term land banking in a fixed-supply district
If your plan depends on residential appeal or lifestyle branding, this is not the right site. If your plan depends on movement, access, and zoning logic, it is.
Pricing Context
At ₱130,000,000 net, this is positioned as a clean transaction:
- Seller absorbs no post-sale exposure
- Buyer covers capital gains tax, transfer tax, documentary stamps, notarial and registration fees
- No staggered terms, no financing layer
This pricing reflects location certainty, not speculative upside. NRA land historically moves on function, not hype.
Transaction Summary
- Selling Price: ₱130,000,000 (Net of all taxes and expenses)
- Payment: Cash
- Buyer shoulders:
- Capital Gains Tax
- Transfer Tax
- Documentary Stamp Tax
- Notarial & Registration Fees
- All related transfer costs
Who This Property Is For
This offering is most suitable for:
- Business owners with an operational need in North Cebu
- Investors prioritizing land utility over aesthetics
- Buyers who value zoning stability and road access over future rezoning bets
If you’re deciding between “strategic land” and “pretty land”, this is firmly the former.
Next Step (Quiet, Practical)
If you need:
- A site walk-through
- Zoning and use verification
- Or a straight discussion on whether this lot fits your operation
An inquiry is the logical next move.
No pressure. Just clarity.
Frequently Asked Questions
Where exactly is the property located?
The lot is along J. De Veyra Street within the North Reclamation Area, a core commercial–industrial corridor near SM City Cebu. This area functions primarily as a logistics and service zone rather than a residential district.
Is the lot suitable for residential development?
No—and that’s not a downside.
This site is best aligned with commercial, logistics, industrial, or service-oriented use. Buyers looking for residential or lifestyle-driven projects should consider other locations. This property favors function, access, and zoning logic.
What types of developments are most appropriate for this lot?
Typical and proven uses in this stretch include:
- Warehouse or distribution facilities
- Fleet or equipment parking yards
- Trade or service centers
- Port-support or back-of-house commercial operations
The surrounding developments already follow this pattern, which reduces use-case risk.
How accessible is the property for trucks and deliveries?
J. De Veyra Street is an established commercial road within the NRA network. It supports regular truck movement and connects efficiently to major city arteries and port-facing routes. Accessibility is one of the core strengths of this site.
Is this a corner lot?
No. However, the lot has direct frontage on J. De Veyra Street, which is often more relevant for operational use than corner exposure in this district.
Is the price negotiable?
The asking price is ₱130,000,000 net of all taxes and expenses.
This reflects a clean, cash-based transaction structure rather than a leveraged or conditional sale.
Serious offers are evaluated based on certainty and speed, not speculation.
What does “net of all taxes and expenses” mean?
The stated price excludes all transfer-related costs.
The buyer shoulders:
- Capital Gains Tax
- Transfer Tax
- Documentary Stamp Tax
- Notarial and registration fees
- All other transfer expenses
This avoids ambiguity and post-agreement renegotiation.
Are installment or financing terms available?
No.
Cash payment only. This keeps the transaction straightforward and time-efficient.
Is the area prone to flooding?
North Reclamation Area properties are engineered differently from low-lying residential zones. That said, due diligence—site inspection, drainage review, and engineering checks—is always recommended for any industrial or commercial acquisition.
Is this property good for long-term land banking?
If your thesis is based on infrastructure permanence and zoning stability, yes.
NRA land tends to appreciate through scarcity and utility, not rezoning narratives or lifestyle demand. This appeals to a specific type of long-term holder.
Can I inspect the property?
Yes. Site inspections can be arranged by appointment.
Still deciding if this location works for your operation?
A short call can save you weeks of back-and-forth.
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.
