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Back 158 Commercial Road
Off Market

158 Commercial Road

Koroit VIC 3282

300 m²
Land
Tim WellsTim Wells, last sold this property on 03 June 2026 after 194 days on market.

Overview

Prime Commercial Land in the Heart of Koroit

Positioned right in the main business precinct of Koroit, this 300m² (approx.) allotment presents an outstanding opportunity to secure a Commercial 1 Zoned site in one of South West Victoria's most vibrant regional townships. Offering excellent exposure and flexibility, this property provides the perfect foundation for your next commercial project, whether it be a retail shop front, office space, café, or professional premises. A generously sized Colorbond shed sits to the rear of the block; ideal for storage, workshop use, or as a base while planning and building your future premises, a helpful head start compared to bare land sites. Subject to council approval, there may also be the opportunity to develop a shop front with a residence, as many neighbouring properties in the street have already done. This could open the door to a convenient live-and-work setup right in the heart of the township. Koroit continues to thrive as a busy service and lifestyle hub, known for its rich Irish heritage and welcoming community. Conveniently located just 10 minutes drive from Warrnambool and 20 minutes drive from Port Fairy, it offers an ideal base for business growth while maintaining that unique country-town charm. Key features: Approx. 300m² allotment Commercial 1 Zoning suited to a wide range of business uses Existing Colorbond shed, ideal for storage or a temporary work base Excellent main street exposure along Commercial Road Potential for a combined shop front and residence (STCA) Surrounded by established local businesses and amenities 10 minutes to Warrnambool - 20 minutes to Port Fairy A rare chance to secure prime commercial land in the heart of Koroit for your next venture!

Features

300 m² lot size
Land

Estimated Value

Based on this property and similar land plots sold in Koroit over the last 12 months, the estimated median property value of 158 Commercial Road is $290k.

Median value
$290k
Estimated value range
$290k - $290k
Median days on market
160
Estimated value trend
-1%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Koroit. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 158 Commercial Road

2026
Sold
Undisclosed
Private Sale/Treaty on 03 Jun 2026 by Tim Wells, of Homeseeka Real Estate - Warrnambool
2016
Sold
Undisclosed
Private Sale/Treaty on 19 Mar 2016

Happy sellers in Koroit

89%
89% of sellers in Koroit reported that their sale price either exceeded or met their price expectations.

Koroit stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 9 reviews in Koroit over the last 12 months.

Local market activity for land plots in Koroit

In the last 12 months, 5 land plots similar to 158 Commercial Road, have been sold.

This represents a 100% decrease in land plots sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Koroit

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Jeremy Gleeson

Jeremy Gleeson is an award winning recommended agent for Koroit.  They have 17 local sales and collected 6 local reviews across the last 12 months.

  •   5   (88 reviews)
  •  6 Reviews in Koroit
  •  17 Sales in Koroit
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Phil Gray

Phil Gray is a recommended agent for Koroit.  They have 2 local sales and collected 2 local reviews across the last 12 months.

  •   4.9   (86 reviews)
  •  2 Reviews in Koroit
  •  2 Sales in Koroit
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Jason Thwaites

Sellers who recommend Jason Thwaites have praised them for being clear communication, local expert, responsive, friendly, honest, reliable and well-prepared

  •   4.8   (216 reviews)
  •  1 Review in Koroit
  •  1 Sale in Koroit
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Tom Symons

Tom Symons is a recommended agent for Koroit.  They have 7 local sales across the last 12 months.

  •   5   (1 review)
  •  7 Sales in Koroit
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