Tenement Building
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Property Description
Prime Redevelopment Property for Sale on Freeman Street, Ebute Metta -- Ideal for Block of Flats
Unlock the full potential of this strategically located property on Freeman Street in Ebute Metta. Situated in a high-demand residential zone, this offering is best suited for demolition and redevelopment, making it a strong opportunity for developers and serious investors.
Property Insight:
* Existing structure: Tenement building (redevelopment focus)
* Ideal for complete teardown and new development
* Suitable for block of flats, mini apartments, or high-yield rental units
* Strong land value with long-term appreciation
Title Advantage:
* Certificate of Occupancy (C of O)
* Secure and bankable title, suitable for serious development projects
Development Potential:
* High rental demand ensures quick occupancy post-development
* Perfect for 1-bedroom / mini flat schemes targeting working-class tenants
* Opportunity to maximize ROI through modern redevelopment
* Dense population ensures steady tenant flow
Location Advantage:
* Situated in a well-connected part of Ebute Metta
* Easy access to Yaba, Oyingbo, and Lagos Island
* Proximity to commercial hubs, schools, and transport routes
* Established neighborhood with proven rental demand
Why This Deal?
This is a land-driven investment in one of Lagos Mainland's most active rental corridors. With a C of O in place, you reduce risk and position yourself for faster development and higher long-term returns.
Asking Price: ₦200,000,000
Title: Certificate of Occupancy (C of O)
Inspection: Strictly by appointment
Property Details
| Property Ref: 3455786 | Added On: 28 Apr 2026 | Last Updated: 28 Apr 2026 |
| Market Status: Available | Type: Block of Flats | Total Area: 450 sqm |
Interesting Facts
Yaba is the epicentre of so many different activities in Lagos. From educational institutions to small businesses, there is something for everyone in Yaba. It has become a technology hub thanks to the presence of many startups such as Hotels.ng and Cc Hub.
Leisure and Shopping
Many Lagosians flock to Tejuosho market for thrift shopping. The E-Centre is another popular shopping destination in Yaba. Ozone cinemas are housed in the mall, which is conveniently located on Commercial Avenue. Malls such as Mallmart and PEP Shop also offer shopping options.
Popular Estates
Tajudeen Olanrewaju Housing Estate is a small but beautiful estate. The driveways are well laid out and excellent for both jogging and cycling. Jacob Mews is a community of 90 apartments clustered into blocks of flats, condos, and terraces.
Day Life
Yaba is an energetic location that offers numerous activities for its residents. The environment is serene and calm for relaxation. Pancake Hub, Domino's Pizza and Dodo Pizza are your breakfast plugs. Makoko is a unique inner-city slum that has a third of its community built on the lagoon.
Night Life
Barnilux Bar is one of the most popular locations to experience the nightlife in Yaba. Nkwobi Palace & Richbite BBQ Spot is a perfect spot for those who want to have a local taste. Other places to grab a drink in the evening are Koko Lounge, House of Haze, and The Gondola Club.
Schools
Blooming Greens School uses character development and a variety of teaching methods to maximise your child's potential. Our Lady of Apostles Private School is a 40-year-old learning and discipline citadel. Other schools in Yaba are Prudence Girls' High School, Prudence City College, Wesley Girls' Secondary School, Queens College, Western College, Westerfield College, etc.
Read the full area guide for Yaba, Lagos.
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Disclaimer
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