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53 Ryan St 0.05 Acres of Commercial Land Offered at $1,061,025 in Footscray, VIC 3011
Investment Highlights
- North-facing 184 sqm allotment with rear laneway access in Footscray’s ACZ1.
- Located within walking distance of retail, dining, and major transport links.
- Surrounded by medical and professional consultancy occupiers, enhancing commercial appeal.
- Approved plans and permits for a five-level mixed-use development.
- Positioned just 6 km from Melbourne CBD in a rapidly growing inner-west market.
Executive Summary
Currently improved by a freestanding single-level home with three bedrooms, one bathroom, and a car space, the site generates an annual rental income of $47,400, providing holding income during planning or construction phases. Located just 6 km from Melbourne’s CBD, the property is surrounded by established medical and professional occupiers and sits moments from Footscray’s vibrant retail, dining, and transport hub. This strategic position ensures strong demand for both commercial and residential uses, making it an exceptional investment for developers seeking long-term upside in a high-growth corridor.
Property Facts
| Price | $1,061,025 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Mixed Use |
| No. Lots | 1 | Total Lot Size | 0.05 AC |
| Property Type | Land |
| Price | $1,061,025 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Mixed Use |
| Total Lot Size | 0.05 AC |
1 Lot Available
Lot 1
| Price | $1,061,025 | Lot Size | 0.05 AC |
| Price Per AC | $23,330,511.60 |
| Price | $1,061,025 |
| Price Per AC | $23,330,511.60 |
| Lot Size | 0.05 AC |
This north-facing site spans 184 sqm and is a rectangular shape, this combined with the rear laneway access, enhances design flexibility and future value potential.
Description
The property is located at 53 Ryan Street, Footscray VIC, within the Activity Centre Zone (ACZ1). It comprises a 184 sqm rectangular allotment with north-facing frontage and rear laneway access. The site includes council-approved plans for a five-level mixed-use development with commercial and residential components. An existing single-level dwelling is present on the site. The location is approximately 6 km from Melbourne CBD and is near Footscray’s retail, dining, and transport hub.
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53 Ryan St
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