162-170 Grote St 11,227 SF Vacant Flex Building Adelaide, SA 5000 For Sale

An increasingly rare opportunity exists to secure a large-scale, income-producing CBD property on Grote Street—Adelaide’s primary west-end thoroughfare and one of its most transformational growth corridors. The site encompasses approximately 1,789 square metres in a highly visible corner position and is currently improved with versatile retail, office, and warehouse facilities, creating immediate cash flow through existing tenancy arrangements.
Configured to deliver operational flexibility with multiple frontages and access points, the improvements support medium-term income stability while providing a strong foundation for long-term redevelopment strategies. Zoned Capital City, the property is future-ready for high-density outcomes such as multi-rise residential apartments, hotel accommodation, serviced apartments, or commercial office towers, subject to Council consent.
Surrounded by cultural, retail, and civic attractors including Chinatown, the Adelaide Central Market precinct, and the rapidly expanding biomedical cluster, the location benefits from major infrastructure investment exceeding several billion dollars. This convergence of high-profile demand drivers amplifies redevelopment potential and situates the property as a core strategic acquisition for developers and institutional investors seeking to secure prime urban real estate within Adelaide’s most dynamic mixed-use environment.