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433 Nepean Highway,
Frankston, VIC 3199
Development Sites & Land
Added today
Detailed listing
Key property information
Land area
Zoning
Tenure type
Expression of Interest
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Map of 433 Nepean Highway
Train stations within 5 km of 433 Nepean Highway, Frankston, VIC 3199 Distance Frankston Station 372 m Leawarra Station 1.9 km Kananook Station 2.6 km Seaford Station 4.3 km POWERED BY HERE ©Bus stops within 5 km of 433 Nepean Highway, Frankston, VIC 3199 Distance Ross Smith AveNepean Hwy 60 m 438 Nepean Hwy 83 m Nepean Hwy/Playne St (Frankston) 275 m Frankston Station/Young St (Frankston) 325 m Playne StYoung St Frankston 329 m POWERED BY HERE ©
POWERED BY HERE ©
Rare & Dynamic 1,075sqm (approx.) Vacant Block with Dual Access
Expressions of Interest: Closing Tuesday, 3rd March 2026 by 5pm
This prime position on Nepean Highway offers a diverse and exciting opportunity that provides a strong investment proposition due to the benefit of dual street frontages to both Nepean Highway and Keys Street.
The property is located in the hub of Frankston's Activity Centre, with the Keys Street frontage facing the Bayside Shopping Centre and the Nepean Highway frontage facing two of Frankston's most recent luxury developments under construction.
Located in a prime position, the flexible Activity Centre Zoning (ACZ1) offers the opportunity to develop the property allowing you to make your mark on this iconic Frankston strip, with a maximum building height of up to 41 metres (STCA).
Key attributes of this opportunity include the following:
- Large 1,075m² (approx.) vacant land size
- Flexible Activity Centre Zoning (ACZ1)
- Dual Street Frontages to both Nepean Highway and Keys Street
- Strong redevelopment potential of up to 41 metres (STCA)
- Easy walking distance to Frankston Beach, Bayside Shopping Centre, Hoyts Entertainment Complex, Frankston Train Station, all the CBD has to offer
- Located within close proximity to EastLink, PARC, Chisholm TAFE and Monash University Frankston Campus, Frankston Hospital, well regarded Frankston primary and secondary schools, Olivers Hill and the Mornington Peninsula
- Direct access to Melbourne CBD by road or train is made a breeze from this locale
*Note: This property is expected to achieve offers in the price range of $2,750,000 - $2,995,000 plus GST (if applicable) and offers will be considered prior to the 'Expressions of Interest' deadline of Tuesday, 3rd March 2026 by 5pm (unless sold prior).
This prime position on Nepean Highway offers a diverse and exciting opportunity that provides a strong investment proposition due to the benefit of dual street frontages to both Nepean Highway and Keys Street.
The property is located in the hub of Frankston's Activity Centre, with the Keys Street frontage facing the Bayside Shopping Centre and the Nepean Highway frontage facing two of Frankston's most recent luxury developments under construction.
Located in a prime position, the flexible Activity Centre Zoning (ACZ1) offers the opportunity to develop the property allowing you to make your mark on this iconic Frankston strip, with a maximum building height of up to 41 metres (STCA).
Key attributes of this opportunity include the following:
- Large 1,075m² (approx.) vacant land size
- Flexible Activity Centre Zoning (ACZ1)
- Dual Street Frontages to both Nepean Highway and Keys Street
- Strong redevelopment potential of up to 41 metres (STCA)
- Easy walking distance to Frankston Beach, Bayside Shopping Centre, Hoyts Entertainment Complex, Frankston Train Station, all the CBD has to offer
- Located within close proximity to EastLink, PARC, Chisholm TAFE and Monash University Frankston Campus, Frankston Hospital, well regarded Frankston primary and secondary schools, Olivers Hill and the Mornington Peninsula
- Direct access to Melbourne CBD by road or train is made a breeze from this locale
*Note: This property is expected to achieve offers in the price range of $2,750,000 - $2,995,000 plus GST (if applicable) and offers will be considered prior to the 'Expressions of Interest' deadline of Tuesday, 3rd March 2026 by 5pm (unless sold prior).
Frankston, 3199 demographic data
The median household income for Frankston is $1,387, 27% lower than Greater Melbourne's household income of $1,901. Frankston has an older age profile compared to the rest of Greater Melbourne (median age 39 vs 37). Property ownership data shows 55% of property owners in Frankston have a mortgage.
37,331
Population
$1,387 per week
Median household income
39 years
Median age
Owners
Most residents
Families
Most households
433 Nepean Highway
Frankston, VIC 3199
Detailed listing
Real Estate Champions - FRANKSTON1/7 Thompson Street
FRANKSTON, VIC 3199
FRANKSTON, VIC 3199
