Lasu Iba-igando Expessway, Igando, Alimosho, Lagos
₦1,500,000,000
| Property Ref: 3120784 | Added On: 29 Sep 2025 | Last Updated: 29 Sep 2025 |
| Market Status: Available | Type: Mixed-use Land | Total Area: 15,000 sqm |
For Sale --- 2.5 Acres (15 Plots) Former Gas Station Site ---
LASU IbaIgando Expressway, Alimosho LGA
C of O 1,500,000,000
Overview: Strategic roadside development opportunity on the LASU IbaIgando Expressway: 2.5 acres (circa 15 standard plots) formerly operated as a fuel station, now offered for sale with a clean Certificate of Occupancy (C of O). The parcel is wellplaced for a range of commercial and residential uses --- retail plaza, service station redevelopment, mixeduse scheme, corporate offices, logistics yard or gated residential development. Asking price: 1.5 billion.
Property summary
- Site area: 2.5 acres (approx. 15 plots)
- Location: LASU IbaIgando Expressway, Alimosho Local Government Area, Lagos State
- Title: Certificate of Occupancy (C of O) --- certified documents available to qualified buyers
- Asking price: 1,500,000,000 (One billion, five hundred million Naira)
- Current status: Formerly used as a gas/fuel station --- cleared and ready for transfer (buyer to verify site condition)
Key advantages
- Prime expressway frontage with excellent visibility and high daily traffic --- strong customer catchment for commercial uses.
- Substantial contiguous landholding ideal for sizeable commercial or gated residential developments.
- Clear C of O supports bankability and straightforward conveyancing.
- Flexible enduse: strong suitability for mixeduse retail/residential, convenience retail & service outlets, institutional uses or landbanking.
Suggested uses (subject to planning)
- Retail / service plaza (convenience retail, quickservice restaurants, showroom)
- Redeveloped service station / fuel & convenience forecourt (subject to regulatory approvals)
- Small shopping mall or mixed commercial centre with office floors above
- Gated residential development: terraces/duplexes or serviced plots
- Corporate campus, logistics hub or light industrial yard (subject to zoning)
Important note --- environmental & regulatory considerationsAs the site was previously a gas station, buyers should be aware of potential environmental and remediation requirements. Recommended prepurchase actions include:
- Environmental Site Assessment (Phase I & II as required) to check for soil/groundwater contamination and scope of remediation.
- Decommissioning certificates (if any) and confirmation that underground tanks and hydrocarbons have been removed or safely contained --- buyer to verify with seller and responsible agencies.
- Confirm any permits/approvals required to reestablish a fuel facility or change use to commercial/residential.
Title & documentation
- Title: Certificate of Occupancy (C of O) --- certified copies available on request to qualified buyers and solicitors.
- Supporting documents: Survey/plan and previous site operational records can be provided to qualified buyers. Buyer's solicitor should verify chain of title and any encumbrances.
Due diligence checklist (recommended)
- Legal: solicitor verification of C of O, chain of title and search for encumbrances.
- Environmental: Phase I environmental site assessment and, if indicated, Phase II site investigation and remediation cost estimate.
- Technical: site survey, topography, drainage and geotechnical investigation for foundation and design work.
- Planning: confirm permitted uses, coverage, setbacks and zoning with Lagos State planning authority and local council.
- Utilities: confirm connection points and capacities for power, water, drainage and telecoms.
- Remediation & regulations: confirm status of any fuel tanks removal, decommissioning certificates and required regulatory clearances.
Sale process & viewing
- Viewings: By appointment only for prequalified buyers. Proof of funds / company profile requested before release of full documents and site access.
- Offers: Submit a Letter of Intent (LOI) with buyer details and proof of funds. Qualified buyers will receive the title pack, survey and will be invited for inspection.
- Completion: Heads of Terms followed by solicitorled conveyancing and completion. Buyer to budget for legal fees, stamp duty and registration charges.
Why buy this site
- Rare roadside site of scale on a busy expressway with multiple commercial and residential use possibilities.
- Good title and consolidated land area reduce transaction complexity and support flexible development strategies.
- Opportunity to unlock value quickly with an appropriate remediation and planning programme, or to hold for capital appreciation.
Contact / Next stepsTo request certified title documents, arrange a site inspection or submit an LOI, please contact:
[Agent / Seller Name]Phone: [Insert phone number]Email: [Insert email address]
DisclaimerAll information is provided in good faith and should be independently verified by prospective purchasers and their professional advisers. Price and availability are subject to prior sale and negotiation.
Ref: D. Efosa
