An exceptional opportunity to secure a substantial 1,568m landholding in one of the Illawarra's most tightly held commercial corridors. Positioned along the highly exposed Princes Highway in Russell Vale, this property presents a rare chance to acquire E3 Productivity Support zoned land just minutes from Wollongong's northern gateway.Commercially zoned sites of this scale north of Wollongong are increasingly scarce, making this property particularly attractive for investors, developers and owner-occupiers seeking a strategic position within the region's growing industrial and commercial market.The site benefits from excellent highway exposure and accessibility, with direct connectivity to major transport routes linking the Illawarra with Sydney and the greater South Coast. Its location places it within easy reach of Wollongong CBD, and surrounding industrial precincts.The property currently includes an existing building configuration offering holding income potential or functional workspace while future development plans are explored (STCA).Key Property Highlights: 1,568m landholding* in a prominent highway location E3 Productivity Support zoning allowing a wide range of commercial and light industrial uses (STCA) Exceptional Princes Highway exposure with strong passing traffic Rare opportunity to secure commercially zoned land north of Wollongong Strategic position between Sydney and Wollongong with convenient regional connectivity Potential for owner-occupiers, investors, or redevelopment (STCA) Existing improvements providing immediate usability or holding incomeWith limited supply of commercially zoned land available in the northern Illawarra, 615 Princes Highway, Russell Vale represents a compelling opportunity to capitalise on a strategic location within a rapidly evolving commercial corridor.*Potential to be sold along with neighbouring property*
The size of Russell Vale is approximately 2.1 square kilometres. There are 5 parks, covering nearly 14.5% of the total area. The population of Russell Vale in 2016 was 1547 people. By 2021 the population was 1593 showing a population growth of 3.0% in the area during that time. The predominant age group in Russell Vale is 10-19 years. Households in Russell Vale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Russell Vale work in a professional occupation.In 2021, 78.20% of the homes in Russell Vale were owner-occupied compared with 76.50% in 2016.
Russell Vale has 696 properties. Over the last 5 years, Houses in Russell Vale have seen a 14.77% increase in median value, while Units have seen a 32.89% increase. As at 31 August 2026:
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