302-308 Nepean Highway, Frankston, VIC 3199 | House for sale | OnTheHouse
 
FOR SALE
$3,700,000 to $3,800,000

302-308 Nepean Highway
Frankston VIC 3199

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Land area: 2137m2
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Exceptional Development Opportunity on Nepean Highway, Frankston

Seize this rare chance to acquire a prominent development site on Nepean Highway, Frankston, with an approved planning permit for a four-storey mixed-use building comprising 18 apartments and commercial applications (subject to further approval). The site boasts a highly visible street frontage, perfectly suited for vibrant café tenancies, while offering an enviable location for quality apartment living.
Situated in the heart of the Frankston Activity Centre—an area undergoing significant transformation and investment—the property is just minutes from Frankston Central, local beaches, transport, and all essential amenities. The Frankston Activity Centre Plan and recent planning scheme amendments provide clear guidance for development, supporting higher-density, mixed-use projects that enhance the area's liveability and economic vibrancy.
With the council's renewed focus on height limits, built form controls, and the delivery of new homes and commercial spaces, this opportunity is perfectly positioned to capitalise on Frankston's evolving cityscape. Close proximity to the foreshore, public transport, and a thriving retail and dining precinct ensures strong demand for both residential and commercial uses.
Secure your stake in Frankston's future—this is an outstanding investment for forward-thinking developers and investors.

Property Details for 302-308 Nepean Hwy, Frankston

302-308 Nepean Hwy, Frankston is a 1 bedroom, 1 bathroom House. The property has a land size of 2137m2. The place is currently for sale with Aquire Real Estate Frankston.

Building Type
House
Land Size
2137m2
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About Frankston 3199

The size of Frankston is approximately 19.8 square kilometres. It has 72 parks covering nearly 21.2% of total area. The population of Frankston in 2016 was 36097 people. By 2021 the population was 37331 showing a population growth of 3.4% in the area during that time. The predominant age group in Frankston is 30-39 years. Households in Frankston are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Frankston work in a professional occupation.In 2021, 58.30% of the homes in Frankston were owner-occupied compared with 56.80% in 2016.

Frankston has 21,758 properties. Over the last 5 years, Houses in Frankston have seen a 37.66% increase in median value, while Units have seen a 34.11% increase. As at 30 November 2025:

  • The median value for Houses in Frankston is $855,978 while the median value for Units is $580,928.
  • Houses have a median rent of $570 while Units have a median rent of $480.
There are currently 75 properties listed for sale, and 72 properties listed for rent in Frankston on OnTheHouse. According to Cotality's data, 1148 properties were sold in the past 12 months in Frankston.

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Darren Dowel
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Emily Apostolou
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