Prime Mixed Use Land

Property Ref : 3600603

Mixed-use land for sale

Samuel Manuwa Street, Victoria Island (VI), Lagos

₦3,000,000,000 per plot

Features

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Samuel Manuwa Street, Victoria Island.
1,470 SQM. 3,000,000,000. Certificate of Occupancy.
Demolishable Structure Already On Site.
This Street Already Has the Comparable Sale. This Is the Better-Priced Twin.

THE PROBLEM

There is a category of Victoria Island land that trades quietly and repeatedly on the same street, at nearly identical sizes, without most buyers ever comparing the two side by side.

Samuel Manuwa Street is exactly that kind of corridor --- established, residential-and-mixed-use, off Ozumba Mbadiwe, and currently home to more than one 1,470sqm parcel changing hands within months of each other. A serious buyer evaluating land here isn't forming a first impression. They're choosing between two or three nearly identical options, and the difference between them usually comes down to one thing: is the land actually available to build on now, or is someone else's tenancy standing in the way.

This listing is 1,470sqm, Samuel Manuwa Street, a demolishable structure already on site, C of O, 3,000,000,000.

THE AGITATION

Here is exactly what else is trading on this same street right now.

A separate 1,470sqm parcel on Samuel Manuwa Street, also carrying a demolishable structure --- a 3-bedroom duplex, a 3-bedroom flat, a 2-bedroom flat, a 1-bedroom flat, and boys' quarters --- is listed at 2,900,000,000. But that parcel is tenanted until August 2026, meaning a buyer isn't getting immediate access to clear and rebuild; they're inheriting a tenancy first. A separate 1,470sqm built-out parcel at Plot 883 on the same street, with an existing wing of duplex and flats, is priced at 2,700,000/sqm --- roughly 3,969,000,000 --- reflecting the value of a more developed existing structure. On the nearby Bishop Oluwole corridor, a 2,049sqm C of O parcel is trading at approximately 2,196,000/sqm.

This listing --- 1,470sqm at 3,000,000,000, or roughly 2,041,000/sqm --- is priced above the tenanted comparable's per-sqm rate, reflecting a demolishable structure without the tenancy encumbrance holding up construction until 2026. It's priced below both the built-out Plot 883 comparable and the Bishop Oluwole benchmark. For a buyer trying to move on a development timeline sooner rather than later, that combination --- no tenant to wait out, priced below the corridor's upper tier --- is the actual advantage here, not just the headline total.

THE SOLUTION

1,470 square metres of land, Samuel Manuwa Street, Victoria Island. Certificate of Occupancy. A demolishable structure currently on site. 3,000,000,000 total.

Here is what this parcel delivers:

Samuel Manuwa Street, off Ozumba Mbadiwe. An established VI residential-and-mixed-use corridor with multiple recent comparable trades, giving a buyer real, current pricing reference points rather than a single seller's asking price to take on faith.

Demolishable structure, no tenancy attached. Unlike the nearest comparable on the same street --- tenanted until August 2026 --- this parcel isn't holding a buyer's construction timeline hostage to someone else's lease. Clear the structure, and build.

Certificate of Occupancy. A recognized title instrument, ready for solicitor review.

1,470sqm. A footprint consistent with what's already trading and being redeveloped on this exact street --- proven scale for a residential or mixed-use project.

3,000,000,000 --- priced against real, current comparables on the same street. Above the tenanted parcel's per-sqm rate (which reflects its tenancy discount), below the built-out Plot 883 comparable, and below the nearby Bishop Oluwole benchmark.

Why this beats the alternatives on the table. The tenanted twin listing on the same street costs slightly less in total, but a buyer there is purchasing a 2026 start date, not a 2026 asset. The built-out Plot 883 comparable costs meaningfully more for existing structures a redevelopment buyer intends to demolish anyway. This is the parcel priced for someone who wants to start now, not later.

THE CALL TO ACTION

1,470sqm. Samuel Manuwa Street, Victoria Island. 3,000,000,000. C of O. Demolishable structure on site.

The buyer for this parcel is a developer or investor already comparing it against the tenanted twin listing two doors down --- and choosing the one they can actually start building on immediately.

Call or WhatsApp Smilebay Realties: +234 901 517 4801.

Title documentation available for immediate solicitor review. Serious inquiries only.

The comparable sale on this street is already tenanted until next year.
This one isn't waiting on anyone's lease to expire.
The only thing left undecided is whose name goes on the C of O.

Land Type: Mixed-use Land (with demolishable existing structure)
Size: 1,470 sqm
Price: 3,000,000,000 total (2,041,000/sqm)
Title: Certificate of Occupancy
Location: Samuel Manuwa Street, Victoria Island (VI), Lagos

NPC Comparable Context:
1,470sqm, Samuel Manuwa St, demolishable structure, tenanted until Aug 2026 --- 2,900,000,000 (1,973,000/sqm)
1,470sqm, Plot 883 Samuel Manuwa St, built-out wing of duplex + flats --- 2,700,000/sqm (3,969,000,000)
2,049sqm, Bishop Oluwole St (nearby corridor), C of O --- 4,500,000,000 (2,196,000/sqm)
This listing: 1,470sqm, Samuel Manuwa St --- 3,000,000,000 (2,041,000/sqm)

Posted: 1 August 2026
Listed by: Smilebay Realties Limited --- Ref: #360-060-3

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