Prime 17400sqm Development Land On Offer
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Property Description
PROPERTY LISTING: PRIME 4.3-ACRE DEVELOPMENT LAND 27 PLOTS IJU ROAD CORRIDORLocation: High-Traffic Iju Road, Adjacent Agege Pen Cinema - Ifako-Ijaiye, LagosTitle: Registered Conveyance Price: ₦3,500,000,000 (Three Billion Five Hundred Million Naira)
FLAGSHIP LAND BANK IN LAGOS' GROWTH AXIS
A rare large-scale development canvas: 4.3 acres of premium land subdividable into 27 standard plots along one of Lagos' most dynamic arterial corridors. Positioned for visionary developers targeting commercial, residential, or mixed-use estate projects.
DEVELOPMENT SPECIFICATIONS
- Total Land: 4.3 Acres (≈17,400 sqm)
- Plot Yield: 27 Standard Plots (≈644 sqm each)
- Topography: Level terrain with excellent drainage
- Access: Direct dual frontage on Iju Road
- Title Clarity: Registered Conveyance enabling swift planning approvals
LOCATION DOMINANCE
Strategic Nexus:
- 0.5km to Agege Pen Cinema: Epicenter of Agege's commercial/residential surge
- Tri-Zone Access:
- 4 Minutes Ifako-Ijaiye LGA Secretariat
- 8 Minutes Abule-Egba Transport Interchange
- 12 Minutes Ikeja Central Business District
Demand Drivers:
- Population Density: Serves 750,000+ residents across Agege/Ifako-Ijaiye
- Infrastructure Momentum: Proximity to Lagos Red Line Rail (Agege Station)
- Commercial Gravity: Surrounded by markets (Oko-Oba), hospitals (General Hospital Agege), and institutions
INVESTMENT CASE
Value Proposition:
- Price Per Plot: ₦130 Million (Below current comparables)
- Commercial Premium: Iju Road frontage plots command 3x rental yields
- Development Upside:
- Residential: 500+ mid-income units
- Commercial: 15,000+ sqm retail/hospitality space
- Exit Flexibility: Sell plots individually or master-develop
TRANSACTION PROTOCOL
- Eligibility: Pre-qualified developers/institutions only
- Due Diligence: Title documents available upon executed NDA
- Site Inspection: Scheduled with security escortSubmit EOI To: [Development Agency] [Direct Line] ️ [Secure Email]
Note: Lagos' land scarcity makes this one of the last large parcels near the city core. Road expansion projects imminent.
Key Positioning Highlights:
1. Urban Infill Narrative
- "Last large parcel near city core" emphasizes scarcity
2. Transport Revolution Linkage
- Proximity to Lagos Red Line Rail (critical for developer ROI calculations)
3. Yield-Focused Metrics
- Breaks down price per plot (₦130M) for investor comparison
4. Density Validation
- Cites 750,000+ resident base to justify absorption
5. Exit Strategy Clarity
- "Sell plots individually or master-develop" appeals to varied capital profiles
Ref: Pastor
Property Details
| Property Ref: 3185283 | Added On: 04 Nov 2025 | Last Updated: 04 Nov 2025 |
| Market Status: Available | Type: Commercial Property | Total Area: 17,400 sqm |
Interesting Facts
Agege is the location of the recently opened Babatunde Fashola Station. The station connects Lagos to Ogun and Oyo states, with plans to expand to more states in the future. Agege also has a 4,000-seat multi-purpose stadium where football is played.
Leisure and Shopping
Justrite Supermarket is a one-stop shop for all of your household necessities. Food, herbs, shea butter, fabrics, beverages, and much more are available at low retail and wholesale prices. The Abattoir Meat Market is known for its low-cost cows, sheep, and cattle.
Popular Estates
Agege is a suburb of Lagos in Nigeria. It has some of the most prestigious residential developments in the country. There are estates that provide residents with the peace, security and/or class they seek. These include Sunshine Estate, New Dairy Farm Housing Estate, and LSDPC Medium Estate.
Day Life
Visit Agege Stadium, a multi-purpose stadium with secure parking, a basketball court, a lawn tennis court, and a gymnasium. Check out Ultra Revere Spa, iGleam Skinmeister & Spa, or Pearl Beauty Spa for your body relaxation.
Night Life
Lounge 95, Solochus Bar and Club and Club Royale are all great places to unwind in Agege. Drinks, suya, BBQ fish, and shawarma are all available on the menu at Lounge 95. The park is a pleasant place to spend time with friends and family during the weekdays.
Schools
Rose Valley School is located on a large, secure, and scenic campus. They provide affordable and high-quality education in a variety of subjects. Atlas Schools, Barachel Schools, Al-Hikmat Schools, and Ifako International Secondary School are among them.
Read the full area guide for Agege, Lagos.
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21 Mojidi Street, Ikeja, Lagos, Nigeria
0902 XXXX Show Phone
+2347049744444
Registered 1 year ago
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