Open Space Commercial Property for Sale in Magarini
Magarini presents unique investment opportunities with its versatile open space commercial properties. These flexible workspaces are ideal for businesses looking to establish a presence in Kilifi's growing commercial sector.
About Magarini's Commercial Market
The commercial property market in Magarini is experiencing steady growth, driven by increasing business activity and infrastructure development. Open space properties are particularly sought after by:
- Startups needing flexible office solutions
- Retail businesses requiring customizable layouts
- Service providers wanting open plan workspaces
- Investors seeking properties with multiple tenant potential
Available Open Space Properties
| Property Type | Size Range | Price Range | ROI Potential |
|---|---|---|---|
| Open Plan Office Space | 800-2,000 sq ft | Ksh 8M - Ksh 20M | 8-12% annually |
| Flexible Retail Space | 1,000-3,000 sq ft | Ksh 10M - Ksh 25M | 7-10% annually |
| Mixed-Use Open Space | 1,500-5,000 sq ft | Ksh 15M - Ksh 40M | 9-14% annually |
Location Advantages
Magarini's commercial properties benefit from:
- Proximity to major roads and transportation routes
- Growing local customer base and business community
- Adequate parking facilities for employees and customers
- Reliable utility connections including three-phase power options
- 24/7 security provisions in most commercial developments
Investment Considerations
The average price per square foot for open space commercial property in Magarini ranges between Ksh 8,000 to Ksh 12,000 depending on:
- Exact location within Magarini
- Property condition and finishes
- Availability of amenities like parking and loading bays
- Title deed status (most have clean freehold titles)