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189 Murray Avenue
Renmark SA 5341

Bedrooms: -
Bathrooms: -
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Floor area: 169m2
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Exceptional Business Opportunity in Central Renmark

A commercial opportunity in the heart of Renmark could be quite appealing, given the town's location along the Murray River and its reputation as a hub for agriculture, tourism, and retail in the Riverland region. Whether it's a new retail space, office building, hospitality venue, or mixed-use development, the key advantages of a commercial venture in Renmark would include:
• Prime Location: Being situated in the heart of Renmark means access to local foot traffic and visibility. The town's main streets and proximity to the river can attract both residents and tourists.
• Tourism Appeal: Renmark is a popular destination for river-based activities and has a growing wine tourism industry. A business catering to tourists, such as a café, restaurant, boutique hotel, or specialty retail store, could thrive.
• Local Economy: The Riverland region is known for its agriculture, particularly citrus and grape production. A commercial opportunity that supports or complements this industry, like a local produce market or supply store, could be valuable.
• Community Focus: Renmark has a close-knit community, so a business that offers something new or fills a gap in the market could quickly become a local favorite.

Property Details for 189 Murray Ave, Renmark

Building Type
Commercial
Floor Size
169m2

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About Renmark 5341

The size of Renmark is approximately 14.9 square kilometres. It has 30 parks covering nearly 9.6% of total area. The population of Renmark in 2011 was 4,386 people. By 2016 the population was 4,637 showing a population growth of 5.7% in the area during that time. The predominant age group in Renmark is 60-69 years. Households in Renmark are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Renmark work in a labourer occupation. In 2011, 53.2% of the homes in Renmark were owner-occupied compared with 54.5% in 2016.

Renmark has 2,842 properties. Over the last 5 years, Houses in Renmark have seen a 78.05% increase in median value, while Units have seen a 76.22% increase. As at 30 November 2024:

  • The median value for Houses in Renmark is $362,418 while the median value for Units is $313,728.
  • Houses have a median rent of $385 while Units have a median rent of $260.
There are currently 18 properties listed for sale, and 9 properties listed for rent in Renmark on OnTheHouse. According to CoreLogic's data, 114 properties were sold in the past 12 months in Renmark.

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Ray White Riverland
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