NEW
315m² Retail For Sale in Steenberg
R2,070,000
Web Ref
CL9429
High Traffic Commercial Property with Redevelopment Potential - Steenberg | R2 070 000 | 1177m2
Unlock the potential of this strategically located commercial property at 68 Joe Marks Boulevard, Steenberg. Boasting high visibility, ample parking, and significant redevelopment opportunities, this 1,177m2 site with GB1 zoning is a rare find in a bustling commercial hub.
With a Gross Lettable Area of 315m2 this property's unique location on a major high-traffic road ensures maximum exposure for any business venture.
Steenberg is a well-established area with a mix of residential, retail, and commercial properties, creating a built-in customer base. This suburb has seen over 381 property sales since 2016, highlighting its strong demand and continued growth.
Why This Property is Perfect for Redevelopment:
1. Excellent Visibility & Passing Trade – Positioned along a busy route with constant daily traffic, making it ideal for high-footfall businesses. The calculated average daily traffic based on the Traffic Report conducted in 2022 was 12365 counted vehicles per day and the average daily truck traffic counted was 440 counted trucks per day.
2. Zoned GB1 (General Business 1) – Allowing for a wide range of commercial uses, from retail outlets to entertainment and food services.
3. Ample Parking Space – Catering to businesses that require easy customer access and convenience.
4. Steady Rental Income – Benefit from immediate cash flow while planning redevelopment.
5. Surrounded by Established Brands & Amenities – Located near convenience stores, and residential areas, ensuring strong customer demand.
Exciting Redevelopment Opportunities for Property Developers
This site presents an exceptional opportunity for property developers looking to maximize returns through redevelopment. With its prime location and flexible zoning, consider the following high-yield business models:
1. Fast Food Drive-Thru & Takeaway Hub - Leverage the high-traffic location by introducing a fast-food brand or multi-food vendor space. A drive-thru facility would attract commuters, making it a profitable business venture. Nearby residential density ensures a constant customer base.
2. Mini Retail Plaza or Strip Mall - Develop a small retail hub with anchor tenants such as convenience stores, mobile network shops, laundromats, or beauty salons. Modular shop spaces can be rented out individually, ensuring multiple income streams.
3. Car Wash & Auto Services Centre - A high-end car wash and detailing centre with an attached tyre fitment and auto service shop would be in high demand due to the constant vehicle traffic and ever passing taxi traffic on the road. Could include a coffee shop or waiting lounge, adding additional revenue.
4. Food & Entertainment Venue - Convert the site into a vibrant food court or open-market-style eatery, featuring local vendors, shisa nyama (grilled meat), and artisanal food stalls. Incorporate live entertainment, outdoor seating, or a rooftop lounge, making it a community hotspot.
5. Cash & Carry or Wholesale Distribution Centre - Given the high traffic and accessibility, a cash & carry wholesaler for bulk groceries, frozen foods, or household goods would thrive. It could also include a liquor outlet, maximizing profitability.
6. Medical & Health Services Centre - Develop a pharmacy, wellness centre, Medical & Dentist Offices or a day clinic catering to the local community and surrounding businesses. Demand for affordable healthcare services in growing residential areas is increasing.
7. Indoor Sports & Recreational Facility - Consider a small-scale indoor sports complex, such as a boxing gym, dance studio, or kids’ play centre. Fitness and wellness services attract regular memberships and steady footfall.
This property’s versatile potential, prime location, and strong market demand make it an exceptional opportunity for property developers ready to transform it into a profitable commercial hub. Don't miss out! Contact me today to explore the possibilities.
Please Note that the above price is inclusive of VAT (Therefore, no transfer duty). Average Utilities is R2, 500 per month.
With a Gross Lettable Area of 315m2 this property's unique location on a major high-traffic road ensures maximum exposure for any business venture.
Steenberg is a well-established area with a mix of residential, retail, and commercial properties, creating a built-in customer base. This suburb has seen over 381 property sales since 2016, highlighting its strong demand and continued growth.
Why This Property is Perfect for Redevelopment:
1. Excellent Visibility & Passing Trade – Positioned along a busy route with constant daily traffic, making it ideal for high-footfall businesses. The calculated average daily traffic based on the Traffic Report conducted in 2022 was 12365 counted vehicles per day and the average daily truck traffic counted was 440 counted trucks per day.
2. Zoned GB1 (General Business 1) – Allowing for a wide range of commercial uses, from retail outlets to entertainment and food services.
3. Ample Parking Space – Catering to businesses that require easy customer access and convenience.
4. Steady Rental Income – Benefit from immediate cash flow while planning redevelopment.
5. Surrounded by Established Brands & Amenities – Located near convenience stores, and residential areas, ensuring strong customer demand.
Exciting Redevelopment Opportunities for Property Developers
This site presents an exceptional opportunity for property developers looking to maximize returns through redevelopment. With its prime location and flexible zoning, consider the following high-yield business models:
1. Fast Food Drive-Thru & Takeaway Hub - Leverage the high-traffic location by introducing a fast-food brand or multi-food vendor space. A drive-thru facility would attract commuters, making it a profitable business venture. Nearby residential density ensures a constant customer base.
2. Mini Retail Plaza or Strip Mall - Develop a small retail hub with anchor tenants such as convenience stores, mobile network shops, laundromats, or beauty salons. Modular shop spaces can be rented out individually, ensuring multiple income streams.
3. Car Wash & Auto Services Centre - A high-end car wash and detailing centre with an attached tyre fitment and auto service shop would be in high demand due to the constant vehicle traffic and ever passing taxi traffic on the road. Could include a coffee shop or waiting lounge, adding additional revenue.
4. Food & Entertainment Venue - Convert the site into a vibrant food court or open-market-style eatery, featuring local vendors, shisa nyama (grilled meat), and artisanal food stalls. Incorporate live entertainment, outdoor seating, or a rooftop lounge, making it a community hotspot.
5. Cash & Carry or Wholesale Distribution Centre - Given the high traffic and accessibility, a cash & carry wholesaler for bulk groceries, frozen foods, or household goods would thrive. It could also include a liquor outlet, maximizing profitability.
6. Medical & Health Services Centre - Develop a pharmacy, wellness centre, Medical & Dentist Offices or a day clinic catering to the local community and surrounding businesses. Demand for affordable healthcare services in growing residential areas is increasing.
7. Indoor Sports & Recreational Facility - Consider a small-scale indoor sports complex, such as a boxing gym, dance studio, or kids’ play centre. Fitness and wellness services attract regular memberships and steady footfall.
This property’s versatile potential, prime location, and strong market demand make it an exceptional opportunity for property developers ready to transform it into a profitable commercial hub. Don't miss out! Contact me today to explore the possibilities.
Please Note that the above price is inclusive of VAT (Therefore, no transfer duty). Average Utilities is R2, 500 per month.
Features
Zoning
Mixed Use
Title
Freehold
Exterior
Security
No
Sizes
Floor Size
315m²
Land Size
1,177m²
