Commercial land for sale
3,500 SQM Commercial Land
Location: Directly on Adeola Odeku, Victoria Island, Lagos Property Type: Commercial Land Land Size: 3,500 SQM Price: ₦4 Million Net per SQM Total Asking Price: ₦14 Billion Title: Federal Allocation, C of O & Registered Survey Use: Commercial / Mixed-Use Development Transaction: For Sale Zahari View a substantial 3,500 SQM commercial landholding directly on Adeola Odeku, Victoria Island, offering a strategic development opportunity for investors and developers seeking a sizeable site within one of Lagos' major commercial districts. The property's direct Adeola Odeku frontage, combined with its stated commercial/mixed-use development potential, makes it relevant for developers evaluating projects such as office buildings, hospitality, retail or integrated mixed-use schemes, subject to applicable planning requirements and approvals. At ₦4 Million Net per SQM, the total asking price is ₦14 Billion. Property Highlights 3,500 SQM land Directly on Adeola Odeku, Victoria Island Prime commercial location ₦4 Million Net per SQM ₦14 Billion total asking price Commercial / mixed-use development potential Federal Allocation C of O Registered Survey Suitable for developers and institutional investors Why This Property Deserves Attention Adeola Odeku is an established commercial address within Victoria Island, making direct frontage on the road an important consideration for developers evaluating commercially positioned land. The 3,500 SQM site provides considerable development scale and may be particularly relevant to investors seeking a property capable of supporting a larger commercial or mixed-use concept, subject to planning and development approvals. Unlike a smaller development parcel, a landholding of this size gives developers greater scope to evaluate different project configurations and commercial uses. Potential concepts may include office, retail, hospitality or mixed-use development, as stated for the property, with the final permissible use and development parameters subject to confirmation from the relevant authorities. Development & Investment Perspective At ₦4 Million Net per SQM, the land acquisition represents a significant capital commitment. Consequently, the opportunity should be evaluated primarily through a detailed development feasibility study. For a commercial developer, important considerations include the permitted development density, building height, floor-area potential, parking requirements, access, infrastructure and other planning controls. The developer should then compare the acquisition cost with estimated construction expenses, professional fees, statutory charges, financing costs, operating considerations and projected rental or sales income. For hospitality or retail concepts, additional market research should be conducted to determine whether the proposed project matches demand within the Victoria Island commercial environment. Investor's Note The property's stated commercial/mixed-use potential should not be treated as automatic approval for any particular development. Before proceeding, serious buyers should independently verify: Federal Allocation and C of O Registered Survey Ownership and title history Exact site dimensions Permitted land use Development density Allowable building height Floor-area requirements Parking provisions Access and infrastructure Planning and statutory requirements Commercial feasibility and projected returns Documentation Federal Allocation, C of O & Registered Survey All documentation should be independently reviewed and verified by the buyer's legal, survey and property professionals before any financial commitment. Property Intelligence Beyond the Listing Commercial land requires a different investment approach from residential land. The real opportunity lies in understanding how location, frontage, land size, permitted use, development density and market demand combine to determine the commercial potential of a site. This 3,500 SQM Adeola Odeku property offers the scale and positioning for serious developers to investigate a potentially significant commercial or mixed-use project within Victoria Island. At Zahari Properties, we encourage investors to look beyond the headline price and evaluate the full development equation before making major property decisions. Asking Price ₦4 Million Net per SQM 3,500 SQM × ₦4 Million = ₦14 Billion For Enquiries & Inspections Call / WhatsApp: +234 803 384 8156 +234 907 301 3359 Website: www.zaharihub.com Zahari Properties ...Points in the right direction. Disclaimer: Property information, pricing, availability, development potential and documentation are subject to confirmation and verification. Prospective buyers should conduct independent legal, survey, planning, valuation and commercial due diligence before proceeding with the transaction.
