172 Foster Street, Dandenong, VIC 3175

172 Foster Street, Dandenong, offers a rare chance to secure a prime corner property in a thriving urban hub. Located at the intersection of Foster and New Streets, directly opposite Dandenong Plaza, this site benefits from high foot and vehicle traffic, making it ideal for business or residential use.

Zoned under Residential Growth Zone 1 with development-friendly guidelines, it's perfect for projects like apartments, townhouses, medical centres, or commercial spaces, with the potential for up to four levels and streamlined council approval. For those with bolder ambitions, its position within Dandenong's Declared Project Area means no height limits and the option for ministerial fast-tracking, enabling larger-scale developments of 60 apartments or more.

The existing double-brick building is both functional and full of character, featuring high ceilings, large windows, ducted heating, reverse-cycle air conditioning, and integrated Ethernet and PABX systems. Its versatile layout suits professional practices, residential living, or mixed-use, while the property's main road frontage provides excellent visibility for signage. With reduced parking requirements on this TZ2 Road, the site is more cost-effective for commercial or medical use compared to others.

This property is not just about potential's also a beautiful home or workplace, set in one of Dandenong's most convenient locations, with shops, restaurants, a cinema, schools, and public transport just steps away. Whether you're looking to develop, invest, or occupy 172 Foster Street is an unmatched opportunity to create something truly special in Melbourne's booming southeast.