3,400 Sqm Commercial Land On Adeola Odeku Street, Victoria I
Interested in this property?
Property Description
Prime Commercial Land For Sale on Adeola Odeku Street, Victoria Island
3,400 SQM Federal Government Allocation ₦8.5 Billion
---
Property Overview
- Location: Adeola Odeku Street, Victoria Island, Lagos
- Land Size: 3,400 SQM
- Price: ₦8,500,000,000
- Price per SQM: ₦2,500,000
- Title: Letter of Allocation from the Federal Government
- Status: Vacant and ready for development
---
Key Highlights
- Premium Adeola Odeku Address -- One of Victoria Island's most prestigious and high-value commercial corridors
- Federal Government Allocation -- Direct allocation provides a clear pathway to formal title perfection
- Large-Scale Development Potential -- Over 3,400 SQM suitable for a landmark commercial or mixed-use project
- High-Visibility Location -- Major road frontage with excellent exposure and accessibility
- Ready for Immediate Planning -- No encumbrances; begin design and approval processes now
---
️ Development Potential
- Corporate Headquarters Complex
- Luxury Mixed-Use Tower (Office, Retail, Residential)
- Five-Star Hotel & Conference Center
- Premium Shopping Plaza
- High-Rise Luxury Apartments
---
Location Benefits
- Adeola Odeku Street -- Heart of VI's commercial and business district
- Proximity to Landmarks -- Close to Eko Hotel, banks, embassies, and multinational offices
- Excellent Connectivity -- Easy access to Ahmadu Bello Way, Ozumba Mbadiwe, and the new Coastal Road
- Prestigious Address -- Recognized as one of Lagos' most valuable business addresses
---
Title Note
- Current Title: Federal Government Letter of Allocation
- Next Steps: Title can be perfected to Governor's Consent / C of O through established processes
- Recommendation: Engage legal team for due diligence and title conversion pathway
---
Investment Value
- Total Price: ₦8.5 Billion
- Price per SQM: ₦2.5 Million
- Strategic Value -- Adeola Odeku commands premium commercial rates
- Future Appreciation -- VI continues to be Lagos' most sought-after commercial real estate market
- Landmark Opportunity -- Rare large parcel in fully developed high-street location
---
Direct Sale -- For Serious Investors & Developers
A substantial commercial land offering on Adeola Odeku Street -- ideal for institutional developers, corporate investors, or real estate funds looking to create an iconic development in the heart of Victoria Island.
Ideal For:
- Real Estate Development Conglomerates
- Institutional Investors & Funds
- Corporate Headquarters Seekers
- Hospitality Brands & Retail Chains
Contact For:
- Site Inspection
- Title Document Review
- Development Feasibility Discussion
- Purchase Negotiation
A landmark commercial opportunity on one of Victoria Island's most prestigious streets.
Property Details
| Property Ref: 3262449 | Added On: 21 Dec 2025 | Last Updated: 21 Dec 2025 |
| Market Status: Available | Type: Commercial Land | Total Area: 3,400 sqm |
Interesting Facts
You might be wondering if Victoria Island is an actual island based on its name. No, it is not right now, but it used to be.
Victoria Island was once completely surrounded by water until the colonial government sand-filled the eastern part to prevent mosquito breeding in the swampy area. It ended up with land areas connecting Victoria Island to Lekki Peninsula after it was sand-filled.
Leisure and Shopping
Victoria Island is home to the SPAR shopping mall, which is a one-stop shop for all of your retail needs. Goodies Supermarket is another well-stocked supermarket that sells a wide variety of items such as beverages, cosmetics, wine, toys, and so on. Other shopping options include Mega Plaza, Hubmart Store, Landmark Boulevard, XYLO, and Bijoux Mall.
Popular Estates
1004 Estate, the current largest single luxury high rise estate in Sub-Saharan Africa, is located on Victoria Island.
1004 Housing Estate is an 11-hectare housing estate with over 1000 apartments that was originally owned by the Federal Government before being purchased by private investors in 2007. The estate is located in the business and recreational district of Victoria Island.
There are four swimming pools on the estate for relaxation, as well as tennis courts for sports enthusiasts. The estate is also secure, and power is always available.
Day Life
Known for being an entertainment hub, Victoria Island has numerous places to hang out, eat, chill and have a great time.
Silverbird and Filmhouse cinemas are recommended for moviegoers. Oniru Beach, located on Victoria Island, is one of the most popular beaches in Lagos. Ocean Basket is the Mediterranean's seafood mecca. The Red Door Gallery is a must-see for art enthusiasts. It can be found within the Silverbird Galleria.
Kappadocia Lagos is Lagos' first and only cave restaurant. The architectural design creates the illusion that you are in a cave.
Night Life
In Victoria Island, the night is always young. Get your dancing shoes on and choose from any of the bubbling spots to experience the nightlife here.
If you live in Lagos, you have probably heard of Club Quilox. This is one of the hottest clubs in Lagos, and many celebrities frequent it.
Othello's Lounge is located in the heart of Victoria Island. Here you can get reasonably priced drinks and chops.
At LiVE! Lounge, you can expect to see live bands, karaoke, and comedy nights. They have both indoor and outdoor seating options, depending on your preference.
Schools
If you live on Victoria Island, you will not have to look far for good schools. American International School of Lagos is an international school that serves students from preschool to grade 12. Boston Academy, Crescent Schools, Cranberry School, White Oak Preparatory School, and Kuramo College are also popular primary and secondary schools. The Nigerian Law School and the Now Open University are also located on Victoria Island (NOUN).
Read the full area guide for Victoria Island (VI), Lagos.
Interested in this property?
Disclaimer
The information displayed about this property comprises a property advertisement. Nigeria Property Centre makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Nigeria Property Centre has no control over the content. This property listing does not constitute property particulars.The information is provided and maintained by Ac Valour International. Nigeria Property Centre shall not in any way be held liable for the actions of any agent and/or property owner/landlord on or off this website.
Marketed by
No 60 Chris Idowu Street Ejigbo Isolo, Isolo, Lagos, Nigeria
0803 XXXX Show Phone
08036503218
Registered 4 months ago
View all properties from this agent