4B Macrina St 1,722 SF Retail Building Oakleigh East, VIC 3166 For Sale

4B Macrina Street delivers an excellent opportunity to secure a versatile freehold in Melbourne’s thriving eastern corridor. Comprising a combined shopfront and upper-level residence on a 166 m² allotment, the property offers immediate potential for value-add improvements, mixed-use activation, or strategic redevelopment under its Commercial 1 zoning.
The existing improvements span approximately 160 m² over two levels and benefit from dual access arrangements, including a rear laneway and direct frontage onto a well-trafficked commercial strip. This layout supports future occupation, leasing, or subdivision opportunities to generate dual income streams, further enhancing return potential.
Strategically positioned within Oakleigh East’s activity hub, the site is surrounded by national and local operators and enjoys proximity to established amenity, public transport, and arterial networks. Whether you are an investor seeking strong upside prospects, a developer targeting flexible urban infill, or an owner-occupier planning a custom business location, this property represents a highly adaptable asset backed by enduring location fundamentals.