Parking Lot Commercial Property for Sale in Sabaki, Magarini, Kilifi

Secure High-Traffic Parking Investment in Sabaki's Growing Commercial Hub

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At a glance

Discover a prime parking lot investment opportunity in Sabaki, Magarini. This commercial property offers excellent potential for vehicle storage businesses or passive rental income in Kilifi County's growing transport hub. Strategically located near major access routes with increasing commercial demand.

Parking Lot Commercial Property for Sale in Sabaki, Magarini

This strategically positioned parking lot in Sabaki presents a lucrative commercial opportunity in Kilifi County's developing transport sector. Located along key access routes to Malindi and Mombasa, the property benefits from consistent vehicle traffic and growing commercial activity.

Property Features

  • Approximately 2,500 square meters of paved parking area
  • 24/7 security provisions including perimeter fencing
  • Dual access points for efficient vehicle flow
  • Proximity to Sabaki River bridge (500m) and Malindi Highway
  • Clear title deed available

Investment Potential

MetricValue
Asking PriceKsh 18 million to Ksh 22 million
Potential Monthly IncomeKsh 150,000 - Ksh 250,000
Price per Square MeterKsh 7,200 - Ksh 8,800
ROI Period6-8 years (estimated)

Location Advantages

The parking lot occupies a strategic position near:

  • Sabaki River fishing and trading activities (400m)
  • Upcoming Malindi-Sabaki industrial zone (1.2km)
  • Major transport corridor serving Mombasa and Lamu counties
  • Several wholesale shops and storage facilities

Business Opportunities

The property is ideal for:

  • Truck and lorry parking services
  • Tuk-tuk and boda-boda charging station
  • Vehicle storage for nearby businesses
  • Future mixed-use development (subject to zoning)

Frequently Asked Questions

The property is currently zoned C2 (Commercial) under Magarini Sub-county regulations, permitting various vehicle-related businesses including parking services, car washes (with proper drainage), and small-scale auto repair shops.
The property is currently clear of permanent structures, featuring only basic security fencing and lighting. This provides flexibility for new owners to develop according to their business needs while complying with local building codes.
The parking lot comes with perimeter chain-link fencing (2.4m height), two gated entry points with lockable mechanisms, and pre-installed lighting conduit for security lights. Many buyers add CCTV systems and on-site attendants for enhanced security.
At Ksh 7,200-8,800 per square meter, this represents competitive pricing for Sabaki's emerging commercial zone. Similar-sized plots nearer to Malindi Highway command prices up to Ksh 12,000/sqm, making this a value proposition with growth potential.
Subject to county approval, the property could potentially accommodate small retail shops or service businesses along its frontage while maintaining parking at the rear. Any structural developments would require fresh approvals from Kilifi County government.