11,749 SQUARE METERS (1.1749 HECTARE) PRIME COMMERCIAL LOT, BALINTAWAK, LIPA CITY, BATANGAS

We offer 11,749 SQUARE METERS (1.1749 HECTARE) PRIME COMMERCIAL PARCELS OF LAND, BRGY. BALINTAWAK, LIPA CITY, BATANGAS described as:The total combined and contiguous land area of 11,749 Square Meters, more or less; Titled parcels situated in the prime business district of the City of LipaLocated at Brgy. Balintawak, Lipa City, Batangas. Dedicated own access from the main road.The property can be best suitable for the following commercial, residential, or a mixed-Commercial and Residential Development Site such as:Institutional Compounds like Schools,University Extension, Colleges, Technical Schools,and government office complexes.Sports ComplexShopping Malls mixed with condominium multi-story complex. Builders and Construction Equipment and Material Supply DepotResidential Condominiums;Hospitals, other various commercial and residential applications. (Please check with LGU and Zoning for the intended project developments).Balintawak is a barangay in the city of Lipa, in the province of Batangas. Lipa is a landlocked component city in the coastal province of Batangas. The City of Lipa in the province of Batangas in the Philippines is rapidly urbanizing. Business establishments, population, and demand for decent housing have been steadily increasing since the 1980s. Rapid urbanization can exert pressure on a community’s limited resources. The limited amount of land available for development in Lipa City heightens the need for efficient allocation of land to the sectors that can enhance economic growth. This will provide the city government with an analytical tool to systematically determine the potential of the sectors to improve the economy of the city in terms of output, earnings, and business tax collection. Identification of which sector(s) to focus on and an estimate of its possible impact on the local economy translates to effective economic development plans that can attain target progress and openness to trade, not just for the local communities, the City in particular, but the nation as well.Lipa's proximity to the country's capital, Manila, having an approximate distance of 86 kilometers or an hour and a half drive via the Southern Luzon Expressway enhances its strategic access to development trends. It is fast emerging as a key city in the province, becoming a major institutional/administrative center, medical center, commercial center, financial center, agro-industrial center, and residential center.It is identified as an ideal hub and center of the Calabarzon Agro-Industrial Region in the Regional Physical Framework Plan of Region IV-A. In the recent past, Lipa is being transformed from an agrarian to an urbanized area. A significant portion of the agricultural land area of the city has been converted to residential subdivisions, an industrial area with the establishment of the LIMA Technology Center utilizing lands in the city and Malvar Municipality. Recently, the influx of business process outsourcing (BPO) firms such as call centers have contributed much to the growth of the local economy. BPO sites are scattered throughout the city. Likewise, due to a very strategic location, the Lipa City Market is comparatively busy than other neighboring towns. Thus it boasts a large quantity of market business. As a result, it attracts more customers from neighboring towns like Padre Garcia, Rosario, Ibaan, San Juan, Malvar, Tanauan, Mataas na Kahoy, Balete Cuenca, Lemery, and Batangas. An S&R Membership Shopping outlet is located beside it. It is also noticeable that Lipa City is being home to new settlers from different regions. Muslims from Mindanao for example have settled in Lipa City, primarily due to the growing economy. There are also settlers from Mindoro, Bicol, Quezon, and other places. Likewise, there are many Koreans who established their business in Lipa. Furthermore, it is evident that Indian Nationals are also an everyday sight.Distance from Manila: 74.53 kilometers (46.31 miles)TERMS: CASH OR BEST OFFER.Seller's Account: Realty Property Taxes; Buyer's Account: Capital Gains Taxes (CGT); Documentary Stamps on Sale, Notarial fees, Transfer fees, Registration fees, & other incidental expenses to transfer the ownership to the new owner.NOTE: Should you be interested, please let us know so we can provide you with more details about the subject property as well as the preferred terms and conditions of the property owner. Please contact me if you have any questions or concerns. DISCLOSURES: Any information previously released, advertised, posted, and transmitted to Buyer/s may change as additional information becomes available, otherwise not known at the time of listing, but not limited to, listed price without prior notice.  Thank you for visiting - Danny