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324 Victoria St 2,045 SF Vacant Retail Building North Melbourne, VIC 3051 For Sale


Investment Highlights
- Located within the Queen Victoria Market precinct and steps from Errol Street.
- Excellent connectivity via Victoria Street tram, North Melbourne Station, and the upcoming Parkville Metro Tunnel.
- Dual street frontages and favorable Mixed Use zoning with future development potential (STCA).
Executive Summary
The building spans approximately 190 m² across two levels on a 95 m² land parcel, providing a flexible layout for investors or owner-occupiers. Zoned Mixed Use, the property allows for future value-add potential (STCA) and is offered with a short-term lease in place. The surrounding area is a vibrant mix of retail, dining, and residential developments, supported by strong pedestrian traffic and proximity to Melbourne CBD, Royal Melbourne Hospital, and the University of Melbourne.
With the upcoming Parkville Metro Tunnel Station within 1 km and immediate access to tram services, this property is ideally positioned for long-term growth and connectivity. Expressions of Interest close Friday, 29 May 2026 at 11:00 am.
Property Facts
Space Availability
- Space
- Size
- Space Use
- Position
- Available
The building spans approximately 190 m² across two levels on a 95 m² land parcel, providing a flexible layout for investors or owner-occupiers. Zoned Mixed Use, the property allows for future value-add potential (STCA) and is offered with a short-term lease in place. The surrounding area is a vibrant mix of retail, dining, and residential developments, supported by strong pedestrian traffic and proximity to Melbourne CBD, Royal Melbourne Hospital, and the University of Melbourne.
| Space | Size | Space Use | Position | Available |
| Ground | 904 SF | Retail | - | Now |
Ground
| Size |
| 904 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Ground
| Size | 904 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
The building spans approximately 190 m² across two levels on a 95 m² land parcel, providing a flexible layout for investors or owner-occupiers. Zoned Mixed Use, the property allows for future value-add potential (STCA) and is offered with a short-term lease in place. The surrounding area is a vibrant mix of retail, dining, and residential developments, supported by strong pedestrian traffic and proximity to Melbourne CBD, Royal Melbourne Hospital, and the University of Melbourne.
Nearby Major Retailers
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324 Victoria St
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