Commercial Building for Sale in Kasambagan, Cebu City

A rare central-Cebu asset just hit the market. This commercial building for sale in Kasambagan, Cebu City covers 1,200 sqm across two floors on a 1,100 sqm lot. Furthermore, it sits along the main strip of the Banilad-Mabolo-Kasambagan area. The ground floor holds a multi-concept restaurant fit-out. Above it, the second floor holds a bar and nightclub fit-out. On top, the rooftop carries a private office plus open usable area. As a result, the new owner gets a turnkey, income-ready building. The buyer also skips the long build-out that a bare lot would need.

Kasambagan is the strip that links Cebu City's two main office hubs — Cebu Business Park and Cebu IT Park — to the upscale Banilad and Mabolo home pockets. Furthermore, daytime BPO traffic, evening dining traffic, and weekend nightlife traffic all meet on this strip. In addition, freehold lots of this size with a turnkey building on top rarely change hands inside the central business strip. As a result, this commercial building for sale in Kasambagan is a place-based asset, not just a build-out play.

About This Commercial Building for Sale

• Lot area: 1,100 sqm, freehold title
• In addition, the building area is 1,200 sqm across two floors plus a usable rooftop
• Also a main-avenue frontage in Barangay Kasambagan, Cebu City
• On the ground floor, a multi-concept restaurant and bar with deli, whisky bar, wine cellar, and private dining room
• Above it, the second floor is a bar and nightclub with a main dance floor, VIP mezzanine, outdoor balcony lounge, and a sculpted mosaic-walled themed lounge
• On top, a rooftop level with a private office, additional open usable area, and back-of-house storage
• Vertical-garden statement wall and full glass facade at the entry
• Also customer restrooms on each floor finished in stone and dark tile
• Plus service-side access for stock delivery, kitchen pass-through, and staff flow
• Inverter air-conditioning and back-of-house chillers throughout
• Street parking on the entry frontage

Existing Fit-Out and Improvements

• Commercial-grade kitchen with stainless prep stations, double-burner ranges, deep fryer, salamander, and dish-wash station
• Also a stone-clad pizza oven with full extraction hood
• In addition, a walk-in cold storage in the ground-floor back-of-house
• Multiple bar refrigerators, deli chillers, beverage fridges, and standalone freezers across both floors
• At the bar, ice wells, bottle wells, and stainless work surfaces ready for service
• Above it, a full sound system on the second floor — line-array speakers, subwoofers, monitors, and amplifiers
• Stage lighting rig — moving heads, par cans, lasers, strobes, and LED wash lights on overhead trusses
• Throughout the bar and lounge zones, decorative neon, LED accent strips, rope-pendant lighting, and feature wall signage
• Plus furniture across all zones — chesterfield lounges, banquette booths, communal wood tables, bar stools, leather lounge chairs, and outdoor balcony seating
• DJ booth fixtures and stage platforms on the second floor
• Wine cellar with stone-wall cladding and curated bottle racking on the ground floor

Investment Highlights

• Whole-building freehold — land, building, and fit-out under one title
• Also income-ready on day one — both floors are currently fitted commercial spaces, so the buyer can continue rental income, run the concepts directly, or refresh the brand
• Furthermore, inside the Banilad-Mabolo-Kasambagan commercial strip — a freehold asset here is a long-term store of value, not just a yield play
• Twelve-month head start on rent — a bare-shell 1,200 sqm build plus fit-out would take 12 to 18 months and ₱40M to ₱70M before the doors open
• In addition, mixed-use flexibility — restaurant + bar/club + office formats are all in place; the same building can pivot to retail showroom, clinic, co-working, or boutique hotel with minimal demolition

Location and Neighborhood

• Main-avenue address in Barangay Kasambagan, Cebu City
• Also a short drive to Cebu Business Park, Ayala Center Cebu, and Cebu IT Park
• Also inside the Banilad-Mabolo-Kasambagan commercial strip
• Plus walking distance to corporate offices, BPO buildings, and high-density homes nearby
• Easy access to Gorordo Avenue, Cardinal Rosales Avenue, and the route to Mandaue City and the Mactan-Cebu International Airport
• Established F&B and nightlife neighborhood, already familiar to Cebu's dining and after-hours crowd

Sale Terms

• Lot area: 1,100 sqm
• Building area: 1,200 sqm (two floors plus usable rooftop)
• Title status: clean freehold
• Payment: spot cash or bank financing
• Plus fully-fitted turnover — ground-floor restaurant, second-floor bar and nightclub, rooftop office, and all installed kitchen, bar, sound, and lighting equipment included
• Property ID: SCBVB1

Inquire About This Commercial Building for Sale in Kasambagan

Owners hold freehold lots on the Kasambagan strip. They rarely sell them. In fact, the whole Banilad-Mabolo-Kasambagan strip sees fewer than a dozen freehold lots of this size change hands in a decade. However, when one does, the buyer gets both the land and a turnkey income-ready building in one deal. In addition, our team handles the title checks, the bank calls, and the buyer-side review end to end. Furthermore, buyers can also see our ground-floor restaurant and second-floor bar and nightclub rental listings to see how the fit-out trades today. Schedule a site visit this week.