Parking Lot for Sale in Kinondo, Kwale
Kinondo presents a unique opportunity for investors seeking commercial parking lots in Kwale County. The area's growing tourism and business activities create consistent demand for secure vehicle storage solutions.
About Kinondo Commercial Area
Kinondo's strategic location near major tourist attractions and business centers makes it ideal for parking investments. The area experiences:
- High vehicle traffic from tourists and business visitors
- Limited available parking spaces creating supply deficit
- Growing commercial developments increasing demand
- Proximity to Diani Beach (15 minutes drive)
Available Parking Lot Properties
| Property Size | Price Range | Capacity | Features |
|---|
| 1/4 acre | Ksh 5M - Ksh 8M | 15-20 vehicles | Fenced, security lighting |
| 1/2 acre | Ksh 10M - Ksh 15M | 30-40 vehicles | Paved surface, security guard post |
| 1 acre+ | Ksh 15M - Ksh 20M+ | 60+ vehicles | Tarmac surface, CCTV surveillance |
Investment Potential
The current market offers:
- Daily Rates: Ksh 200-500 per vehicle depending on size and duration
- Monthly Parking: Ksh 3,000-8,000 per vehicle subscription model
- Annual ROI: Estimated 12-18% on well-located properties
- Value Appreciation: Land values increasing by ~8% annually in Kinondo
Location Advantages
The parking lots available are strategically positioned:
- Near major shopping centers and hotels
- Accessible from the Likoni-Lunga Lunga highway (B8)
- Serving both local businesses and tourist establishments
- Adequate road access for all vehicle types