517 High Street, Prahran, Vic 3181

517 High Street, Prahran – Prime Corner Freehold with Development Upside

517 High Street, Prahran is exceptionally positioned for those looking to immerse themselves in Melbourne’s vibrant lifestyle. Located just moments from Chapel Street’s renowned shopping and dining precinct, close to the iconic Prahran Market for fresh produce, and surrounded by popular cafes, restaurants, and boutique stores, this location has it all.

Enjoy easy access to Prahran Station, multiple tram routes, and St Kilda Beach are all within easy reach, ensuring seamless connectivity to the CBD and beyond.

This high-exposure corner site offers 122 sqm of open-plan commercial space* on a 151 sqm parcel of land*, zoned Commercial 1 (C1Z), making it ideal for retail, office, or other commercial uses. Dual street access adds flexibility and functionality for occupiers or tenants.

Key Features:
122 sqm* building on 151 sqm* Commercial 1 Zone corner site with residential opportunity.

 - Dual access, excellent street exposure

 - Surrounded by established retail, hospitality, and residential developments

 - Ideally suited for investors, occupiers, or developers

 - Development Potential:
   Permit approved for two 2-bedroom apartments above a ground-floor retail space

 - Architectural plans and permits available upon request

GOING TO AUCTION – THURSDAY 15 AUGUST
A rare opportunity to secure a premium inner-city freehold with value-add potential.


Contact the exclusive Lemon Baxter sales agents below.