Parking Lot for Sale in Gateway Mall Area, Syokimau
The Gateway Mall area in Syokimau presents a prime opportunity for commercial property investors seeking parking facilities. This strategically located parking lot serves one of Machakos County's busiest retail destinations, offering consistent demand from shoppers, employees, and neighboring businesses.
About the Gateway Mall Commercial Area
The Gateway Mall area has emerged as a key commercial node along Mombasa Road, benefiting from:
- Daily foot traffic exceeding 15,000 visitors
- Proximity to major offices and residential estates
- Easy access via Mombasa Road and the Nairobi Expressway
- Growing retail and service business presence
Parking Lot Investment Details
| Feature | Specification |
|---|---|
| Total Area | 2,500 sq ft (232 sq m) |
| Vehicle Capacity | 50+ cars (standard layout) |
| Price Range | Ksh 35 million to Ksh 45 million |
| Potential Monthly Income | Ksh 400,000 - Ksh 600,000 |
| Title Deed | Freehold available |
Investment Advantages
- High Demand: Chronic parking shortage in the mall area ensures full occupancy
- Multiple Revenue Streams: Options for hourly, daily, and monthly parking fees
- Low Maintenance: Minimal structural requirements compared to other commercial properties
- Appreciation Potential: Land value increasing at ~12% annually in Syokimau
Technical Specifications
The property includes:
- Tarmac or paved surface options available
- 24/7 security provisions possible
- Adequate lighting infrastructure
- Drainage system compliant with county regulations
- Potential for automated gate systems installation