Omotade Crescent, Omole Phase 1, Ikeja, Lagos
₦1,000,000,000
| Property Ref: 3124497 | Added On: 01 Oct 2025 | Last Updated: 21 Oct 2025 |
| Market Status: Available | Type: Residential Land | Total Area: 1,728 sqm |
For Sale --- Prime Development Land:
1,728 sqm on Omotade Crescent, Omole Phase 1, Ikeja
COFO
1,000,000,000
Overview: Exceptional development opportunity in Omole Phase 1: a prime 1,725 sqm parcel on Omotade Crescent, positioned on a tarred main road and close to all neighbourhood amenities. Offered with Lagos State Right of Occupancy (COFO), this site is ideal for a lowmedium density residential scheme, executive terraces, boutique apartments or a mixeduse development. The location, street frontage and clear title make this an attractive, shovelready acquisition for developers and investors seeking reliable returns in a proven Ikeja micromarket.
Property summary
- Location: Omotade Crescent, Omole Phase 1, Ikeja, Lagos
- Size: 1,725 sqm (single consolidated parcel)
- Title: COFO (Certificate of Occupancy / Lagos State) --- certified documents available to qualified buyers
- Asking price: 1,000,000,000 (One billion Naira)
- Road frontage: Situated on a tarred main road (good vehicular access and visibility)
- Neighbourhood: Mature GRA suburb --- secure, wellserved and close to retail, schools, banks and transport hubs
Key selling points
- Development scale: 1,725 sqm is large enough for a meaningful residential project (terraces, lowrise apartments) while retaining the exclusivity of Omole Phase 1.
- Main road location: Tarred frontage simplifies access, construction logistics and enhances commercial or rental prospects.
- Market demand: Strong rental and resale demand in Omole from professionals and families --- supports quick offtake for quality product.
- Clear title (COFO): Facilitates lender financing and a smoother conveyancing process for qualified purchasers.
- Close to amenities: Short drives to supermarkets, schools, medical centres, transport nodes and Ikeja business district.
Suggested development concepts
- Luxury townhouses / terrace cluster (highyield family units)
- Lowrise apartment block (8--12 units) targeting executives and young families
- Serviced apartments / corporate housing for corporate tenants and expatriates
- Mixeduse podium: retail/office at ground level with residential above (subject to approvals)
- Single large private mansion compound or gated smallestate for highnetworth buyers
Practical & technical notes
- Site access: on Omotade Crescent --- tarred, well maintained road with good approach for construction vehicles.
- Utilities: close proximity to mains power, water and telecom --- buyer to confirm connection points and capacities.
- Topography & buildability: generally level urban lot (site inspection recommended).
- Planning: buyers should confirm permissible coverage, setbacks and allowable storeys with Lagos State planning authority for the intended scheme.
Due diligence checklist (recommended)
- Request certified COFO and instruct solicitors to verify chain of title and any encumbrances.
- Obtain certified site survey and confirm boundary pegs on site.
- Commission geotechnical/topographic survey if detailed design or piled foundations are planned.
- Confirm planning/zoning parameters and parking requirements with Lagos State planning authority.
- Verify utility connection points and estimated connection/upgrade costs.
- Consider traffic/access and neighbour amenity impacts for higher density proposals.
Contact: Mr. Kola Adesina (EDBA)
All detailed documentation and commercial discussions will be provided on a confidential basis and subject to a signed NDA.
Serious proposals only.
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Viewings are by appointments only
Finalize purchase, rental or lease with legal support.
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