Mixed-use land for sale
Commercial land for sale
9,000 SQM
About this property
Prime Land For Sale in Ikeja GRA, Lagos 9,000 SQM Certificate of Occupancy (C of O) ₦16 Billion ≈ ₦1.78 Million per SQM Property Overview Location: Ikeja Government Residential Area (GRA), Lagos. Land Size: 9,000 SQM. Title: Certificate of Occupancy (C of O). Asking Price: ₦16,000,000,000. Price per SQM: ≈ ₦1,777,778. Status: Large contiguous parcel with existing structures (suitable for redevelopment or adaptive reuse). Key Highlights Massive Institutional-Scale Parcel: 9,000 SQM in Ikeja GRA is exceptionally rare. This is one of the largest undeveloped or redevelopable tracts available in the area. Strong C of O Title: Full government-issued Certificate of Occupancy ensures legal security, bankability, and smooth transfer. Prime GRA Address: Ikeja GRA is the most prestigious and central business/residential district in mainland Lagos, home to top executives and government officials. High Visibility & Access: The satellite view indicates proximity to a major transport artery (expressway/railway), offering excellent connectivity for both residential and commercial projects. Redevelopment Opportunity: Existing structures on the plot can be demolished to create a master-planned development from the ground up. Development Potential Given the scale and location, this land is ideal for:
- Mixed-Use Estate: Residential towers, office parks, and retail zones.
- Corporate Headquarters Campus: For a major bank, oil & gas company, or multinational.
- Luxury Residential Gated Community: High-end apartments and townhouses.
- Hotel & Hospitality Complex: Five-star hotel, conference centre, and serviced apartments.
- Institutional Use: University campus, specialist hospital, or government facility.
Location Benefits -- Ikeja GRA Central Business Hub: Minutes from the Lagos State Secretariat, Murtala Muhammed International Airport, and major corporate offices. Excellent Infrastructure: Well-maintained roads, drainage, security, and public utilities. Prestige Address: Ikeja GRA is a legacy neighbourhood with high property values and enduring demand. Connectivity: Easy access to the Lagos-Ibadan Expressway, Agege Motor Road, and Oba Akran Avenue. Investment Value Asking Price: ₦16 Billion. Price per SQM: ≈ ₦1.78 Million. Market Context: For a 9,000 SQM parcel with C of O in Ikeja GRA, this price is within the premium range. It reflects the scarcity, location, and development potential. Upside Potential: The scale allows for a landmark project. The existing structures could be generating interim income or demolished for a high-yield development. Appreciation Potential: Ikeja GRA values have shown consistent long-term growth due to limited supply and high demand. Sale Opportunity A generational opportunity to acquire a massive, titled land bank in the heart of Ikeja GRA. Perfect for institutional investors, major developers, or corporations seeking a flagship project. Ideal For:
- Institutional Investors & Pension Funds.
- Real Estate Development Conglomerates.
- Corporate Entities seeking a headquarters.
- Hotel & Hospitality Groups.
- High-Net-Worth Portfolio Buyers.
Next Steps:
- Site Inspection.
- Title Verification (C of O at the Lagos State Lands Bureau).
- Structural Assessment of Existing Buildings.
- Development Feasibility & Master Planning.
9,000 SQM + C of O + Ikeja GRA -- the foundation for a landmark Lagos project. Serious inquiries only. Proof of funds required for engagement.
Property details
Area guide — Ikeja
Interesting Facts
Surprisingly, Ikeja GRA was designed for residential life but has since become very commercialised. A lot of the "old monies" of Lagos’ mainland still live in Ikeja GRA, and yes, they still golf at the Ikeja Golf club. L...
Leisure and Shopping
Ikeja GRA has all the amenities its inhabitants need, so they never have to leave their comfort zone. Marriott, Radisson Blu, and BON Hotel Ikeja are nearby hotels. Prince Ebeano supermarket and pharmacy has all your nor...
Popular Estates
Ikeja GRA has a lot of beautiful and well-constructed estates with great ambience and value for every dime spent to either rent or buy a house in the area. Some of the popular estates in Ikeja GRA include Orchid court, M...
Day Life
Ikeja GRA is an area always bustling with activities at any time of the day. One does not have to travel far to the Island to unwind as they are all available in Ikeja GRA. Ikeja GRA has places like Ocean basket, Jevinik...
Night Life
Nightlife in Ikeja GRA comes alive with top nightclubs like Rumors Night Club, Cubana Night Club, The Crescendo Lounge and Bar, Pose 24/7 Club, Sandra’s bar, and The Cave nightclub among others
Schools
Education is a set of activities that are meant to help people reach certain goals, like passing on knowledge, skills, and character traits. In a bid to achieve these goals for the residents of Ikeja GRA, a lot of school...
Read the full area guide for Ikeja, Lagos
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