457 Keilor Road 2,540 SF 100% Leased Retail Building Niddrie, VIC 3042 For Sale

Positioned in one of Melbourne’s most vibrant retail corridors,457 Keilor Road represents a rare dual-level freehold investment in the heart of Niddrie’s bustling shopping and dining precinct. This property combines prominent street exposure with consistent pedestrian traffic generated by strong local trade, a major tram stop at the front doorstep, and direct access to the busy Wallis Mall Car Park at the rear.
The ground level is securely leased to Shish Shawarma & Grill, a popular Middle Eastern restaurant, delivering immediate rental income. The first-floor space is currently vacant, providing buyers an opportunity to add value through owner-occupation or secondary tenancy. The building’s corner position and dual entry points just steps from Keilor Road’s vibrant cafés, eateries, and retail outlets further enhance its appeal.
Surrounded by a well-established commercial hub, the asset offers exceptional connectivity to Matthews Avenue, Mt Alexander Road, the Tullamarine Freeway, and CityLink, as well as proximity to Melbourne Airport (MEL) and Essendon Fields Airport (MEB). Long recognized for steady demand, this corridor remains one of the most tightly held retail strips in Melbourne’s northwest, underpinned by strong local demographics and consistent footfall. This property delivers flexibility and income diversity for owner-occupiers and investors alike.