Land for Sale in Festac can be fit for mixed purposes (commercial and residential purposes) and it will pose a good investment as the value of land tends to appreciate as years roll by. Land is the word used to define the part of the earth not covered by water. The desire to be called a Landlord has taken the order of the day in Lagos State not minding the fact that land is scarce in Lagos. However, there are still plots of land for sale in Festac.
Festac is a serene and beautiful environment featuring good road networks with street lights as well as fair electricity power supply. Festac houses several number of hospitals, schools, churches, mosques, supermarkets and schools. Most of the buildings in Festac are storey buildings, old buildings and built alike.
Festac is a very popular neighbourhood and one of the developed areas on the Lagos mainland. Considered to be the largest housing estate in Nigeria and even Africa. Festac got it's name from the Festival of Arts and Culture of 1977 that was hosted in the area long ago. Festac is said to be characterised by middle and low income earner as well as residents from different parts of the country.
Plots of land for sale in Festac are situated in 6th Avenue, 7th Avenue, 4th Avenue, 1st Avenue, Abule Ado, 2nd Avenue and 21 Road among others within the price range of N7,000,000 to N170,000,000,000 (N170 billion). The cost of the land is an effect of the size of the land as well as the exact location of the land.