A prominent spot on Lavington's Five Ways intersection is set for its biggest redevelopment in decades with plans to convert the site into a medical precinct.
Development plans for the Mate Street address where a Woolworths supermarket was built in 1970s will be submitted to Albury Council in coming weeks with an estimated construction cost of more than $6 million.
Plans prepared on behalf of Sydney-based development group, Unikorn Albury, include a mix of medical and allied health opportunities to be strata-titled and offered to the market for sale or lease.
A standalone cafe will offer 59 square metres under roof plus 49 square metres of alfresco decking and seating area.
Medical tenancies will range from 36 to 263 square metres and can be tweaked to accommodate buyer and tenant requirements.
Agents AW Commercial have been appointed to handle sales and leasing.
"This is an exciting project that will revitalise a prominent corner site in North Albury," director Scott Mann said.
"The opportunity to purchase and occupy your own suite hasn't been offered to the market in a long time.
"The development application is due to be lodged in the coming weeks with construction to commence later this year.
"We believe the project will be well received by the market, both owner occupiers and investors alike."
Car parking for 53 cars including 30 under shade are also included in the plans.
After closing as a supermarket the building was home Highpoint Furniture, which also had a presence in High Street, Wodonga before being closed to make for the Mann Central shopping centre.
Betta Electrical and Crazy Clints Bargains were also tenants at various stages.
The property was sold by its Melbourne-based owner late last year for $1.38 million.
Across the road, the former home of Blacklocks Lavington and Spargo Motors also sold late last year as well as a next door former pizza shop business.
The two properties were purchased by the same party for an undisclosed sum.
Development plans for the key development site haven't been confirmed.
Meanwhile, a townhouse development is being strongly considered by the new owner of 257 and 259 Beechworth Road, Wodonga.
The properties were offered to the market via expressions of interest after an auction scheduled by agents One Agency last Saturday had to be called off due to Victoria's latest COVID lockdown.
A Wodonga investor snapped up the two properties for an undisclosed price following other interest from interstate.
The properties were offered for sale individually or as a parcel.
