Commercial property for sale
Plaza / complex / mall for sale
Unique Landmark Commercial Property
About this property
Powerful Property Consult For sale: Unique Landmark Commercial Property, Festac Town A Rare Opportunity to Acquire a Large Shopping Complex on Approximately 2,867.55sqm in the Heart of Festac Powerful Property Consult presents an exceptional opportunity to acquire a substantial shopping complex sitting within a large compound on approximately 2,867.55 square metres of land, strategically located on 21 Road, Festac Town, Lagos. The combination of an existing commercial structure, substantial land area and a prominent Festac location makes this property particularly attractive to investors, retail operators, developers, corporate organisations and institutional buyers looking for a sizeable commercial asset in Lagos. The opportunity This is more than a shopping complex. It is a sizeable commercial property capable of supporting a range of investment strategies---whether retained and repositioned as a retail destination or considered for redevelopment, subject to applicable planning approvals. Property Highlights Location: 21 Road, Festac Town, Lagos Land Area: Approximately 2,867.55sqm Property Type: Shopping Complex ️ Large Compound: Offers valuable operational and development flexibility Investment Profile: Commercial / Retail / Redevelopment Opportunity Existing Shopping Complex Currently Occupied Asking: ₦2 Billion It is a large commercial real-estate asset offering an existing commercial footprint plus significant long-term investment and repositioning possibilities. Potentially suitable, subject to approvals and feasibility, for a modern retail centre, supermarket, corporate facility, healthcare complex, lifestyle destination or major commercial redevelopment. Potential uses Subject to the necessary approvals, the property could appeal to buyers considering: Modern neighbourhood shopping centre Supermarket or retail destination Banking/financial services hub Corporate or institutional facility Healthcare/diagnostic centre Restaurant and entertainment destination Showroom or lifestyle centre Mixed commercial redevelopment 21 Road, Festac Town Approx. 2,867.55sqm Existing Shopping Complex Currently Occupied Asking: ₦2 Billion It is a large commercial real-estate asset offering an existing commercial footprint plus significant long-term investment and repositioning possibilities. Potentially suitable, subject to approvals and feasibility, for a modern retail centre, supermarket, corporate facility, healthcare complex, lifestyle destination or major commercial redevelopment. WHY this property deserves attention The scale: At approximately 2,867.55sqm, the property gives an investor room to think beyond the existing development. The location: 21 Road provides a strong Festac Town address within an established residential and commercial community. The flexibility: An incoming investor is not restricted to one commercial concept; the asset potentially lends itself to repositioning for several uses. The land component: For sophisticated investors, the underlying land and redevelopment possibilities can be just as important as the existing shopping complex. 5% Agency Fee Applicable Qualified buyers are invited for further information and private inspection. Powerful Property Consult Premium Properties - Strategic Investments - Trusted Advisory
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Area guide — Amuwo Odofin
Interesting Facts
Festac Town is a treasure trove of captivating details. Among these, a standout fact is its genesis as the venue for the remarkable FESTAC '77 festival—notably, the majority of the residents in this locale hail from the...
Leisure and Shopping
Festac Town has a wide range of leisure and shopping options. Those looking for entertainment can visit Festac Amusement Park, Sports Complexes such as Festac Volleyball Court, and other recreational areas such as Franki...
Popular Estates
Festac Town is renowned for its well-organized residential neighborhoods, commonly known as "estates," which play a crucial role in shaping the town's identity and offering a variety of living spaces for its inhabitants....
Day Life
In Festac, the day life is a vibrant blend of diverse culinary delights, outdoor activities, and immersive cultural engagement. Residents and visitors alike can enjoy attractions such as Frankids Amusement Park and Victo...
Night Life
As daylight fades, Festac Town awakens with a dynamic nightlife, presenting an array of entertainment options. The town pulsates with vitality, featuring a diverse selection of bars, lounges, clubs, and restaurants to su...
Schools
FESTAC boasts a variety of schools that span the educational spectrum, from primary to secondary levels. Among the noteworthy institutions are Loral International Schools, Moral-Ville Academy, Christ The Redeemer Seconda...
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