322 Russell Street, Melbourne, VIC 3000 | Commercial for sale | OnTheHouse
 
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322 Russell Street
Melbourne VIC 3000

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 333m2
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Prime Office Investment in the Heart of Melbourne – 333 sqm, 2-Level Property

Address: Corner of Russell & La Trobe Streets, Melbourne CBD
Positioned in one of Melbourne's most dynamic and high-demand commercial precincts, this outstanding dual-level office space offers an exceptional opportunity for both investors and future owner-occupiers. Located just steps from Melbourne Central, QV Shopping Centre, RMIT, and Chinatown, the property benefits from heavy foot traffic and unrivaled accessibility.
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🔑 Key Features:
• Total Building Area: Approx. 333 sqm across two spacious levels
• Dual Access: Offers the convenience of two separate entrances, enhancing flexibility for multi-tenant use or client access
• Prime Location: Corner position with direct street frontage and excellent exposure
• Parking: Includes 2 separately titled car parks – a rare find in Melbourne's CBD
• Flexible Usage: perfect for investors seeking a stable, income-generating asset. Also ideal for owner-occupiers planning for future use or business expansion
• Surrounding Amenities: steps from Melbourne Central, QV Melbourne, RMIT, and Chinatown. Easy access to public transport and major tram routes
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Property Details for 322 Russell St, Melbourne

Building Type
Commercial
Floor Size
333m2
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About Melbourne 3000

The size of Melbourne is approximately 2.7 square kilometres. It has 9 parks covering nearly 2.5% of total area. The population of Melbourne in 2016 was 47285 people. By 2021 the population was 54941 showing a population growth of 16.2% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation.In 2021, 25.80% of the homes in Melbourne were owner-occupied compared with 29.00% in 2016.

Melbourne has 64,229 properties. Over the last 5 years, Houses in Melbourne have seen a -25.47% decrease in median value, while Units have seen a -3.96% decrease. As at 30 November 2025:

  • The median value for Houses in Melbourne is $1,033,829 while the median value for Units is $440,645.
  • Houses have a median rent of $635 while Units have a median rent of $660.
There are currently 252 properties listed for sale, and 231 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2720 properties were sold in the past 12 months in Melbourne.

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Sophia Zhu
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Mark Giuliano
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