Nigeria Property Centre

Commercial Land in Banana Island, Ikoyi, Lagos

There are 12 land for sale and rent in Banana Island as of 28 Oct 2026, with an average price of ₦6.5B. Every listing is posted by an estate agent or developer you can contact directly — filter by price, type, furnishing and recency to find the right home.

Browse by category
For Rent Short Lets For Sale Joint Venture
Neighbourhoods
2nd Avenue Estate 3rd Avenue Abacha Estate Abdullahi Adamu Estate Awolowo Road Banana Island Bourdillon Road Cooper Road Dolphin Estate Estates Gerrard Road Grenadines Skyvilla Mojisola Onikoyi Estate Osborne Foreshore Estate Osborne Phase 1 Osborne Phase 2 Queen's Drive Shoreline Estate
All land types

1–12 of 12 properties

Premium
₦4,500,000 per sq.m

Commercial land for sale

Waterfront Land (2275SQM)

Waterfront land at Banana Island Ikoyi. 2,275sqm on 3rd Avenue. Title: Lagos State CofO Price: N4.5 Million/Sqm Note: 5% Agency fee applies For additional details, inquiries, and physical inspections, call our hotline: 07088065449 You can send us a quick mail to: [email protected] Take Advantage Today!

3rd Avenue, Banana Island, Ikoyi, Lagos
2275 sqm
Future Homes Properties and Investment LTD
Premium
₦6,500,000,000

Commercial land for sale

Commercial Land with Approved 7-Floor Building Plan

Banana Island Estate 936.496 SQM Lagos state title Commercial plot - Building approval: 7 Floors (GROUND + 6) - Piling done as well for 7 floors Asking price: ₦6.5 Billion naira Un

Banana Island, Ikoyi, Lagos
936 sqm
Bentol Home Plus
Premium
₦6,500,000,000 per sq.m

Commercial land for sale

Commercial Plot with Building Approval

Urgent sales Banana Island Estate - 936.496 SQM Lagos state title Commercial plot - Building approval: 7 Floors (GROUND + 6) - Piling done as well for 7 floors Asking price: ₦6.5 Billion naira For more details, PLS contact: Oakland Realtors 08155952653, 08168808462

Off First Avenue, Banana Island, Ikoyi, Lagos
936 sqm
Oakland Realty
Exclusive Waterfront Land — Banana Island Waterfront, Banana Island, Ikoyi, Lagos
Premium
1
₦55,000,000,000

Commercial land for sale

Exclusive Waterfront Land

Exclusive sale --- 10,000SQM = ₦55 billion banana island ₦5.5M/SQM agency fee 5% = ₦2.75 billion dual C of O federal & lagos state last waterfront on banana Attention: Visionary Developers & Capital Groups Property Snapshot: - Location: Banana Island Waterfront, Ikoyi, Lagos - Size: 10,000 SQM --- Fully Reclaimed & Sandfilled - Title: dual C of O --- Federal & Lagos State All Documents Intact & Verifiable - Price: ₦5.5M per SQM - Total Value: ₦55,000,000,000 (Fifty-Five Billion Naira) - Agency: 5% = ₦2,750,000,000 (Two Billion Seven Hundred & Fifty Million Naira) --- Payable by Buyer Why smart money is moving: 1. Ultimate Scarcity: The last premium waterfront available on Banana Island 2. Unmatched Value: Waterfront assets appreciate 3x faster --- Ideal for Luxury Towers, 5-Star Hotel, or Ultra-Luxury Estate 3. Bankable Title: Dual C of O --- Fully Bankable, Investable & Resellable 4. Perfect Timing: Banana Island is 100% Sold Out --- This is Your Only Entry Terms: Proof of Funds (POF). Eoi required for inspection. WhatsApp / Call: 08165756924

Banana Island Waterfront, Banana Island, Ikoyi, Lagos
10000 sqm
Propertio Luxury
1068SQM Vacant Commercial Plot — Banana Island, Ikoyi, Lagos
Premium
6
₦80,000,000 /yr

Commercial land for rent

1068SQM Vacant Commercial Plot

Commercial land measuring 1068sqm for long lease located within the Mixed-Use Zone, Banana Island Estate, Ikoyi, Lagos. Site details: Square-shaped site, Front Plot, Flood-free site; 1068sqm, etc. Suitability: Erection of temporary structures, Car Show-Room, Gym, Shopping Mall, Construction equipment storage, etc. Term: Minimum of 5 Year Lease. Rent is NGN80,000,000 (EIGHTY million naira ONLY) per annum. All pricing are as at august 19, 2025 and subject to adjustment. Kindly note: (1) All enquiries could be made between 8:00am -- 7:00pm (Monday -- Friday) and between 8:00am -- 2:00pm (Saturdays); (2) Our offices (including phone-lines) are closed on Sundays; (3) Viewing/inspection is only by appointment; (4) We require 2-Hour (minimum) advance notice for property viewing/inspection; (5) You can also reach us via these channels: [email protected]; +234(0)8059149400; +234(0)8188040221. Best Regards.

Banana Island, Ikoyi, Lagos
1068 sqm
First Colony Real Estate Company LTD
Premium
₦6,500,000,000

Commercial land joint venture

Land Development Opportunity

An exceptional Joint Venture (JV) development opportunity is available in the prestigious Banana Island, Lagos. Sitting on 1,400sqm with a Federal Certificate of Occupancy (C of O), this premium site is ideal for experienced developers seeking to deliver an exclusive luxury residential project in one of Nigeria's most sought-after locations. The owner is inviting capable developers with proven experience and the capacity to execute a high-end residential development. Property Details Location: Banana Island, Lagos Property Type: Joint Venture Development Site Land Size: 1,400sqm Land Value: ₦6,500,000,000 Premium: ₦1,000,000,000 Title: Federal Certificate of Occupancy (C of O) Proposed Development The owner is open to a joint venture for the development of: Luxury Apartment Development Block of Premium Flats 4 Units of Luxury Terrace Houses Investment Highlights Prestigious Banana Island Address Federal Certificate of Occupancy Prime Luxury Development Site High Capital Appreciation Potential Strong Demand for Premium Residential Properties Excellent Return on Investment Requirements Suitable for credible and experienced developers Company profile required before site survey Serious enquiries only Ideal Partner This opportunity is ideal for established real estate developers, institutional investors, and construction firms with a proven track record in delivering premium residential developments. Financial Summary Land Value: ₦6,500,000,000 Premium: ₦1,000,000,000 Location Banana Island, Lagos Land Size 1,400sqm Property Type Joint Venture Development Site

Banana Island, Ikoyi, Lagos
1400 sqm
C W Real Estate
₦4,500,000 per sq.m

Commercial land for sale

2275 SQM Plot of Land in a Secured Estate

Waterfront land at Banana Island Ikoyi. 2,275sqm on 3rd Avenue. Title: Lagos State CofO Price: N4.5 Million/Sqm Note: 5% Agency fee applies For additional details, inquiries, and physical inspections, call our hotline: 07088065449 You can send us a quick mail to: [email protected] Take Advantage Today!

3rd Avenue, Banana Island, Ikoyi, Lagos
2275 sqm
Future Homes Properties & Investment Limited
₦3,500,000

Commercial land joint venture

Exclusive and Prime 146 Hectares

Semi direct brief Exclusive & prime 146 hectares ikoyi waterfront reclamation total land value ₦5.11 trillion ₦5.621 trillion with premium parkview - banana island corridor africa's next billion-dollar waterfront JV / outright / plot sales Location: Sharing boundaries between Parkview Estate & Banana Island Waterfronts, Ikoyi, Lagos - The Most Coveted Waterfront Address in Africa. Size: 146 Hectares = 1,460,000 SQM Total Plots (500 SQM): 2,920 Plots Pricing structure: Price: ₦3.5M / SQM 1 Plot (500 SQM): ₦1.75 Billion Premium: 10% = ₦175 Million per Plot Total per Plot with Premium: ₦1.925 Billion 1 Hectare (20 Plots): ₦35 Billion + ₦3.5B Premium = ₦38.5 Billion 5 Hectares (100 Plots): ₦175B + ₦17.5B = ₦192.5 Billion 10 Hectares (200 Plots): ₦350B + ₦35B = ₦385 Billion 20 Hectares (400 Plots): ₦700B + ₦70B = ₦770 Billion Total Land Value (146 Hectares): ₦5.11 Trillion [146 x ₦35B] Total Premium (146 Hectares): ₦511 Billion Grand total with premium: ₦5.621 Trillion Smaller investor options --- now available: To accommodate clients who cannot take bulk hectares, plots are available from 500 SQM upwards. Ideal for private waterfront homes, boutique developments, and strategic land banking in Ikoyi's most coveted corridor. - Minimum Plot: 500 SQM = ₦1.925B (with premium) - From 1 Plot to 2,920 Plots --- flexible allocation Documents At Hand: 1. Waterfront Approval 2. Bathymetry & Hydrographic Survey 3. Sand Search Report 4. Eia Report 5. Tia Report 6. Drainage Clearance 7. Registered Survey Exclusive & prime 30 hectares ikate waterfront reclamation total land value ₦360B grand total ₦366B with premium 600 plots of 500SQM orange island - lekki foreshore corridor lagos' next billion-dollar waterfront JV / outright / plot sales Location: Ikate Waterfront, Lekki, Lagos - Sharing boundaries with Orange Island and Lekki Phase 1 Foreshore. Size: 30 Hectares = 300,000 SQM Total Plots (500 SQM): 600 Plots Min. Allocation: Now from 1 Plot (500 SQM) upwards --- 5 Hectares no longer the minimum Pricing structure: Price: ₦1.2M / SQM 1 Plot (500 SQM): ₦600 Million Premium: ₦200M per Hectare ÷ 20 Plots = ₦10M per Plot Total per Plot with Premium: ₦610 Million 1 Hectare (20 Plots): ₦12B + ₦200M = ₦12.2 Billion 5 Hectares (100 Plots): ₦60B + ₦1B = ₦61 Billion 10 Hectares (200 Plots): ₦120B + ₦2B = ₦122 Billion 30 Hectares (600 Plots): ₦360B + ₦6B = ₦366 Billion Total Land Value: ₦360 Billion [300,000 SQM x ₦1.2M] Total Premium: ₦6 Billion [₦200M x 30 Hectares] Grand total: ₦366 Billion Smaller investor options --- now available: To accommodate clients who cannot go for bulk hectares, plots are now available from 500 SQM at ₦610M (with premium). Ideal for waterfront homes, mini estates, and land banking in the Orange Island corridor. - Minimum: 1 Plot = 500 SQM = ₦610M - Flexible: 1 to 600 Plots available Documents At Hand: 1. Waterfront Approval 2. Bathymetry & Hydrographic Survey 3. Sand Search Report 4. Eia Report 5. Tia Report 6. Drainage Clearance 7. Registered Survey

Parkview Estate & Banana Island Waterfronts, Ikoyi, Lagos
Realtor
₦55,000,000,000

Commercial land for sale

Commercial Land, Waterfront

Exclusive sale --- 10,000SQM = ₦55 billion banana island ₦5.5M/SQM agency fee 5% = ₦2.75 billion dual C of O federal & lagos state last waterfront on banana Attention: Visionary Developers & Capital Groups Property Snapshot: - Location: Banana Island Waterfront, Ikoyi, Lagos - Size: 10,000 SQM --- Fully Reclaimed & Sandfilled - Title: dual C of O --- Federal & Lagos State All Documents Intact & Verifiable - Price: ₦5.5M per SQM - Total Value: ₦55,000,000,000 (Fifty-Five Billion Naira) - Agency: 5% = ₦2,750,000,000 (Two Billion Seven Hundred & Fifty Million Naira) --- Payable by Buyer Why smart money is moving: 1. Ultimate Scarcity: The last premium waterfront available on Banana Island 2. Unmatched Value: Waterfront assets appreciate 3x faster --- Ideal for Luxury Towers, 5-Star Hotel, or Ultra-Luxury Estate 3. Bankable Title: Dual C of O --- Fully Bankable, Investable & Resellable 4. Perfect Timing: Banana Island is 100% Sold Out --- This is Your Only Entry Terms: Proof of Funds (POF) . eoi Required for Inspection. WhatsApp / Call: [insert number] Williams

Banana Island, Ikoyi, Lagos
10000 sqm
Realtor
₦5,000,000

Commercial land for sale

Exclusive Land Development Opportunity

A rare Joint Venture opportunity to develop a premium luxury residential tower in the prestigious Banana Island, Ikoyi. This prime 1,500.23sqm land parcel is strategically positioned within Lagos' most exclusive residential enclave, offering exceptional potential for a world-class high-rise development. The proposed development is designed to cater to the growing demand for ultra-luxury residences, featuring luxury apartments, maisonettes, and penthouses with premium lifestyle appeal. Property Details Location: Banana Island, Ikoyi, Lagos Land Size: 1,500.23sqm Land Value: ₦5,000,000 per sqm JV Structure: 50/50 Sharing Formula Premium: To Be Discussed Facilitator's Fee: 10% Proposed Development Concept 1st & 2nd Floors: Dedicated Car Parking 3rd, 4th & 5th Floors: Luxury Apartments 6th & 7th Floors: Four (4) Units of 4-Bedroom Maisonettes 8th Floor: Two (2) Luxury Penthouses Open to Additional Development Options Investment Highlights Prime Banana Island Location Elite Luxury Residential Neighborhood Ideal for High-Rise Residential Development Strong Demand for Premium Apartments Exceptional Capital Appreciation Potential Attractive roi Opportunity Global Market Appeal Ideal Developer / Partner This opportunity is strictly suitable for credible, experienced, and financially capable developers with proven track records in luxury real estate development. Requirements Proof of Development Capacity Required Serious Developers and Investors Only Due Diligence & Engagement Subject to Qualification Location Banana Island, Ikoyi, Lagos Land Size 1,500.23sqm Development Type Luxury High-Rise Residential Development JV Structure 50/50 Sharing Formula

Ikoyi, Lagos
1500 sqm
C W Real Estate
₦4,000,000 per sq.m

Commercial land for sale

Land Measuring 1000SQM

This exceptional 1,000sqm parcel of land is located within the prestigious Banana Island, Ikoyi---Nigeria's most exclusive residential enclave. Renowned for its luxury developments, world-class infrastructure, and high-profile residents, Banana Island remains one of the most desirable real estate destinations in Africa. The plot presents an outstanding opportunity for discerning investors, developers, and high-net-worth individuals looking to build a bespoke luxury residence or develop a premium residential project. With strong demand, limited land availability, and consistent capital appreciation, this property offers both exclusivity and long-term investment value. Property Features Land Size: 1,000sqm Prime Banana Island Location Development-Ready Plot Suitable for Luxury Residential Development Excellent Road Network Premium Residential Environment Secure and Exclusive Community High Investment Potential Strong Capital Appreciation Prospects Ideal Buyer This property is ideal for high-net-worth individuals, luxury home developers, private investors, and corporate buyers seeking a prestigious landholding in one of Lagos' most exclusive neighborhoods. Title Federal Certificate of Occupancy (C of O) Price ₦4,000,000 per sqm (Net) Total Asking Price ₦4,000,000,000 Net (Based on 1,000sqm at ₦4,000,000 per sqm) Location Banana Island, Ikoyi, Lagos Land Size 1,000sqm

Ikoyi, Lagos
1000 sqm
C W Real Estate
Fenced and Gated Land Measuring 1068SQM — Banana Island, Ikoyi, Lagos
6
₦95,000,000 /yr

Commercial land for rent

Fenced and Gated Land Measuring 1068SQM

Land for Lease @ Banana Island, Ikoyi Land Size 1068 SQM Fenced & Gated Location: Banana Island Estate Ikoyi mixed-use zone Rent: NGN95M per annum let's have your offer Note: perfect for car park or storage, so much more... (temporary structures is allowed base on landowner Approval) Bepr/W

Banana Island, Ikoyi, Lagos
Oip Properties

Showing 1–12 of 12 properties

Area Guide

About Ikoyi, Lagos

By and large, Ikoyi is a posh neighbourhood with a mishmash of exquisite residential apartments and commercial presence.

Ikoyi borders the Lagos Lagoon and takes up the eastern half of Lagos Island. It is one of the towns that make up the Eti-Osa Local Government Area of Lagos state.

Originally, the British Colonial Governments designated Ikoyi as a residential area for the expatriate community perhaps due to its proximity to the sea. However this arrangement changed with time with big establishments locating their corporate headquarters at Ikoyi. Ikoyi is home to the creme de la creme of the Nigerian society, from diplomats to senior company, business executives and senior public servants.

Read the full area guide
FAQ

Frequently asked questions

The average price of commercial land in Banana Island, Ikoyi, Lagos is ₦6,500,000,000.

Prices for commercial land in Banana Island, Ikoyi, Lagos go up to around ₦55,000,000,000.

Prices for commercial land in Banana Island, Ikoyi, Lagos start from around ₦55,000,000,000.

There are 12 available commercial land in Banana Island, Ikoyi, Lagos. You can view and filter the list of property by price, furnishing and recency.

Prices for commercial land in Banana Island, Ikoyi, Lagos range from ₦3,500,000 to ₦55,000,000,000.

More property around Ikoyi

Commercial Land for Sale & Rent in Lekki Commercial Land for Sale & Rent in Ajah Commercial Land for Sale & Rent in Ikeja Commercial Land for Sale & Rent in Victoria Island (VI) Commercial Land for Sale & Rent in Ibeju Lekki Commercial Land for Sale & Rent in Magodo Commercial Land for Sale & Rent in Surulere Commercial Land for Sale & Rent in Gbagada Commercial Land for Sale & Rent in Yaba Houses for Sale & Rent in Ikoyi Flats for Sale & Rent in Ikoyi Land for Sale & Rent in Ikoyi