111 Commercial StreetKorumburra VIC 3950
Property Details for 111 Commercial St, Korumburra
Last Listing description (July 2025)
Discover an outstanding investment opportunity in the heart of a bustling town with this prime commercial property. A freehold gem, it offers the savvy investor or ambitious business owner a chance to capitalise on a currently leased premise, ensuring immediate income generation from day one.
The property commands attention with its significant main street frontage, presenting an ideal canvas for high visibility and footfall. Spanning 248 square metres of land, there is ample space for further expansion to tailor the property to your business vision.
The building promises a modern and welcoming environment with the essential amenities, including a convenient toilet facility. Its strategic location is poised for growth, positioned tantalisingly close to the site of a brand-new supermarket development, which is set to increase local traffic and consumer interest in the area.
Offering the perfect blend of current reward and future potential, this commercial property is a sound investment for those looking to expand their portfolio or establish a dynamic business presence in a thriving community. Don't miss out on this rare chance to own a piece of prime real estate with both immediate returns and exciting growth prospects.
Property History for 111 Commercial St, Korumburra, VIC 3950
- 21 Jul 2025Sold for $390,000
- 23 Apr 2025Listed for Sale $390,000 - $420,000
- 22 Oct 2021Sold for $340,000
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About Korumburra 3950
The size of Korumburra is approximately 59.9 square kilometres. There are 13 parks, covering nearly 1.4% of the total area. The population of Korumburra in 2016 was 4469 people. By 2021 the population was 4749 showing a population growth of 6.3% in the area during that time. The predominant age group in Korumburra is 60-69 years. Households in Korumburra are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Korumburra work in a trades occupation.In 2021, 77.10% of the homes in Korumburra were owner-occupied compared with 73.00% in 2016.
Korumburra has 3,151 properties. Over the last 5 years, Houses in Korumburra have seen a 15.64% increase in median value, while Units have seen a 18.95% increase. As at 31 July 2026:
- The median value for Houses in Korumburra is $587,582 while the median value for Units is $439,242.
- Houses have a median rent of $480 while Units have a median rent of $370.
Suburb Insights for Korumburra 3950
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