17-Room Residential/Commercial Building for Sale in Onipanu, Lagos

Description

House | Location: Awoyokun Street, Onipanu, Lagos | Features: 17 Bedroom

Original Description

Property Listing: 17-Room Residential/Commercial Building for Sale Property Overview A strategically located 17-room one-storey building on a corner piece at Awoyokun Street, Onipanu, Lagos. Formerly a hotel, now converted to residential use, this property offers exceptional potential for hotel, Airbnb, or serviced apartment operations. Its dual street access, modern finishing, and strong rental potential make it a prime investment opportunity in the heart of Lagos Mainland. Key Features • Land Size: sizeable • Location: Awoyokun Street, Onipanu, Lagos • Building Type: One-storey structure (17 rooms) • Access: Corner piece with two gates facing two streets • Road Condition: Fully tarred road • Finishing: POP ceiling finishing throughout • Room Configuration: Each room is self-contained with kitchen and toilet • Parking: Spacious parking area accommodating multiple vehicles • Water Supply: Borehole and overhead tanks installed • Electricity: Stable power supply with provision for generator • Security: Gated compound with dual access points • Title Document: Registered survey and deed of conveyance (C of O obtainable) Investment Highlights • Prime Location: Onipanu is centrally located with easy access to major roads connecting Yaba, Surulere, and Ikeja. • Dual Purpose Use: Ideal for conversion into a boutique hotel, Airbnb apartments, or serviced residential units. • High ROI Potential: Strong demand for short-let and long-term rentals in the area. • Corner Piece Advantage: Enhances visibility and accessibility for commercial use. • Modern Finishing: POP ceilings and tiled floors throughout ensure minimal renovation costs. • Income Potential: Very High. Nearby Landmarks • Palmgrove Bus Stop • Onipanu BRT Terminal • Kayode Street Commercial Hub • Access to Ikorodu Road and Western Avenue • Proximity to Yaba College of Technology and University of Lagos Potential Uses • Boutique hotel or guesthouse • Airbnb or short-let apartments • Corporate staff housing • Co-living or serviced apartment complex Summary This property combines location, accessibility, and versatility, making it a rare investment opportunity in Lagos Mainland. Its corner piece positioning, dual access, and modern finishing provide both residential comfort and commercial potential. Ideal for investors seeking steady rental income or hospitality operators expanding into the Onipanu–Yaba corridor. ASKING PRICE: N280M

Property Details

Property Type

House

Category

Houses

Available For

For Sale

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