Parking Lot for Sale in Shika Adabu, Likoni
This strategically located parking lot in Shika Adabu presents a lucrative commercial real estate opportunity in one of Likoni's busiest areas. With increasing vehicle ownership and limited parking spaces in Mombasa County, this property offers strong rental income potential and capital appreciation.
About Shika Adabu Commercial Area
Shika Adabu is a thriving commercial hub in Likoni sub-county, known for its:
- High foot traffic from nearby businesses and residential areas
- Proximity to the Likoni ferry crossing point
- Growing number of retail shops and service businesses
- Excellent accessibility via major roads
Property Details
| Feature | Details |
|---|---|
| Total Area | Approximately 2,500 sq ft (232 sq m) |
| Capacity | Can accommodate 15-20 vehicles simultaneously |
| Security | Perimeter wall with controlled access gate |
| Price Range | Ksh 8 million to Ksh 12 million (negotiable) |
| Potential Monthly Income | Ksh 150,000 - Ksh 250,000 from parking fees |
Investment Benefits
- High Demand: Chronic parking shortage in Likoni area ensures consistent usage
- Multiple Revenue Streams: Potential for daily/hourly parking fees or long-term vehicle storage contracts
- Low Maintenance: Minimal structural requirements compared to other commercial properties
- Scalability: Opportunity to add value through security enhancements or automated systems
Suitable Business Applications
This parking lot can serve various commercial purposes including:
- Public pay parking facility
- Truck/bus parking depot
- Boda boda (motorcycle taxi) staging area
- Temporary vehicle storage for nearby businesses