Commercial property for sale
Penn Cinema Axis, Ifako, Agege, Lagos
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: pas...
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₦3,500,000,000
The Build Centre Properties
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