Land Measuring 800sqm With Good Title
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Property Description
Magboro, situated along the Lagos-Ibadan Expressway in Ogun State, Nigeria, is experiencing rapid growth as a commercial and industrial hub. Its strategic location near Lagos makes it attractive for businesses seeking proximity to Nigeria's economic center while benefiting from more affordable land and operational costs.
Overview of Commercial Property in Magboro
1. Warehouses and Industrial Facilities
Magboro hosts several large-scale warehouses, particularly along the Lagos-Ibadan Expressway. For instance, a 20,000 sqm warehouse is available for rent at ₦25,000 per sqm annually . These facilities cater to logistics, manufacturing, and distribution companies.
2. Commercial Land and Mixed-Use Developments
The area offers various commercial land options. A notable example is a full plot with a commercial building on Akeran Road, priced at ₦100 million . Additionally, the Ogun State Property and Investment Corporation (OPIC) is developing the Magboro New Town, a 522-hectare mixed-use project encompassing residential, commercial, and industrial zones .
3. Retail and Office Spaces
Retail spaces, such as shops and plazas, are emerging in response to the growing population. For example, shops are available for rent at Cele Bus Stop for ₦15,000 per annum . Office spaces are also being developed to meet the needs of various businesses.
4. Event Centers and Hospitality
Magboro features event centers equipped with modern amenities. An example is an event center with a capacity for 500 vehicles, situated on a 5,000 sqm plot, previously listed for ₦285 million . Such facilities cater to the area's growing demand for event and hospitality services.
Investment Appeal
Magboro's appeal lies in its:
Strategic Location: Proximity to Lagos enhances business opportunities.
Infrastructure Development: Ongoing projects like the Magboro New Town signal government commitment to growth.
Diverse Property Options: From industrial lands to retail spaces, investors have varied choices.
With property prices ranging from ₦25 million to ₦200 million, depending on type and size , Magboro presents a compelling opportunity for investors and businesses seeking growth in a burgeoning commercial landscape.
Plot of land for sale directly on magboro
Purpose:- Commercial .
Size:- 800sqm.
Location:- Magboro.
Price:- #130m asking
Open for inspection but 24 hours notice needed.
Property Details
| Property Ref: 2833816 | Added On: 23 Apr 2025 | Last Updated: 23 Apr 2025 |
| Market Status: Available | Type: Commercial Property |
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Treasure Project Management Company
Blk 4 Plot 7 Isheri Gra Ikeja Lagos State, Opic Channels Tv Ojodu Berger Lagos Nigeria, Lagos, Nigeria
0813 XXXX Show Phone
2348130473226
Registered 2 years ago
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