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Overview
Positioned on an expansive 634 square meter corner site in the established Frankston medical precinct, this vacant land parcel offers a rare opportunity for various development aspirations. With more than 57 meters of combined frontage and dual access via Beach and McIntyre Streets, the block is exceptionally accessible, facilitating multiple design possibilities.
The land is zoned within the Housing Choice and Transport Zone (HTCZ2), which supports multi-level residential developments. This zoning flexibility broadens potential uses, appealing to residential developers seeking to maximize site yield, medical owner-occupiers, or social infrastructure providers aiming to meet community needs, subject to council approvals.
Convenience is a strong selling point; the parcel lies a short distance from Frankston's bustling activity centre. Nearby amenities, including Bayside Shopping Centre, Frankston Beach, Peninsula Aquatic Recreation Centre, and Kinetic Stadium, contribute to a quality lifestyle and strong local demand. Excellent connectivity is offered by proximity to Frankston Station, only approximately 700 meters away, and major arterial roads such as the Frankston Freeway, Nepean Highway, and Cranbourne Road.
This ready-to-build site presents a blank canvas with significant upside for value-add prospects and development, appealing primarily to buyers in the residential and medical sectors looking to leverage the strategic location and zoning benefits.
Local Market Insights
In Frankston, Quiet Listings observed 4 new parcels of land entering the market over the last 30 days, up from 2 during the previous 30-day period, with an average advertised asking price of $2,300,000. The property type mix of listed properties is predominantly Houses at 58%, followed by units (16%), and apartments (9%). Ray White was the most active agency in this area, representing 25.0% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Frankston VIC 3199
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 634 m² |
Market Insights for Frankston VIC 3199
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