48 Commercial RoadPrahran VIC 3181
Property Details for 48 Commercial Rd, Prahran
Last Listing description (October 2020)
Make your mark on the inner south-east food and beverage scene. 48 Commercial Road is positioned in the heart of a strong residential catchment within the suburb of Prahran, an area which thrives on Melbournes caf culture. With a 6m* street frontage, dual tenancy access and Planning Permit secured, the site is ready to welcome your new hospitality venture.
Indicative concept plans are available, or alternatively, take full creative control of the flexible layout and make 48 Commercial Road your own!
The site offers 110sqm* of internal area plus an additional outdoor area of 112sqm* which offers the potential to become a fully enclosed seating or trade area. Above, there is small upper level storage space and bathroom facilities.
Nearby retailers include L'Hotel Gitan, Tall Timber Cafe, New Order, The Alps Wine Shop & Bar and Officeworks.
For further information, or to arrange an inspection, please contact the Cushman & Wakefield Retail Team today.
Property History for 48 Commercial Rd, Prahran, VIC 3181
- 04 Mar 2026Sold for $2,350,000
- 03 Apr 2020Listed for Rent - Price not available
- 30 Sep 2019Listed for Rent - Price not available
Recent sales nearby
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About Prahran 3181
The size of Prahran is approximately 1.9 square kilometres. There are 8 parks, covering nearly 6.3% of the total area. The population of Prahran in 2016 was 12982 people. By 2021 the population was 12203 showing a population decline of 6.0% in the area during that time. The predominant age group in Prahran is 30-39 years. Households in Prahran are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Prahran work in a professional occupation.In 2021, 43.60% of the homes in Prahran were owner-occupied compared with 39.30% in 2016.
Prahran has 11,117 properties. Over the last 5 years, Houses in Prahran have seen a -12.51% decrease in median value, while Units have seen a -0.42% decrease. As at 30 April 2026:
- The median value for Houses in Prahran is $1,578,225 while the median value for Units is $543,956.
- Houses have a median rent of $900 while Units have a median rent of $580.
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