An exceptional mixed-use property opportunity is now available in one of Ikeja’s most commercially active and high-value locations. This demolishable or renovatable 4-bedroom bungalow with a large shop in front, sitting on 632 square metres of land, is located on a secure gated street off Allen Avenue, Ikeja, Lagos.
This property is ideal for investors, developers, and business owners looking to acquire land in a strategic area with strong commercial and residential demand.
Property Overview
- Property Type: Mixed-Use Land
- Existing Structure: 4-Bedroom Bungalow + Large Shop
- Land Size: 632 Square Metres
- Location: Off Allen Avenue, Ikeja, Lagos
- Street: Gated and Secure
- Property Use: Mixed (Residential & Commercial)
The existing bungalow can be demolished for new development or renovated to suit the buyer’s intended use.
Location Advantage – Allen, Ikeja
Allen Avenue is widely regarded as one of the most vibrant commercial and residential corridors in Ikeja. Properties in this axis enjoy high visibility, excellent accessibility, and consistent demand from both residents and businesses.
Nearby Landmarks & Connectivity:
- Close to Allen Avenue commercial hub
- Easy access to Alausa, Opebi, Ikeja GRA, and Maryland
- Proximity to banks, offices, malls, hotels, and eateries
- Well-connected road network for business and residential traffic
Being located off Allen Avenue, the property benefits from commercial proximity while maintaining privacy within a gated street.
Development & Investment Potential
This property offers multiple redevelopment options, making it a flexible and high-yield investment.
Suitable for:
- Commercial plaza or office complex
- Residential apartments or serviced apartments
- Mixed-use development (shops + apartments)
- Renovation into office or retail use
- Long-term land banking in a high-growth area
With increasing land scarcity in Ikeja, properties like this are appreciating rapidly, especially those with mixed-use approval potential.
Available Facilities & Infrastructure
The property is located in a fully serviced urban environment with access to:
- ✔️ Steady electric power supply
- ✔️ Water supply system
- ✔️ Gas supply
- ✔️ Domestic sewage system
- ✔️ Effective rainwater drainage
- ✔️ Space for car parking
These existing facilities significantly reduce development costs and timelines.
Title & Documentation
- Title: Deed of Conveyance
- Ownership: Clear and verifiable
The title is suitable for due diligence and transaction processing, ensuring a secure acquisition.
Pricing & Fees
- Outright Price: ₦550,000,000
- Agent Fee: ₦25,000,000
Price reflects the strategic location, land size, and redevelopment potential of the property.
Key Property Highlights
- ✅ 632sqm prime land off Allen Avenue
- ✅ Demolishable or renovatable bungalow
- ✅ 4 bedrooms with a large shop frontage
- ✅ Gated and secure street
- ✅ Mixed-use development potential
- ✅ High-demand Ikeja location
Ideal Buyers
- Real estate developers
- Commercial investors
- Business owners
- High-net-worth individuals
- Corporate organizations
Inspection & Enquiries
This is a rare opportunity to acquire strategically located land in Allen, Ikeja, where availability is increasingly limited.
📞 Contact / WhatsApp: 08034139285
Early inspection is highly recommended, as properties in this location sell fast.
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