A site with approved plans for a five-storey, 19-dwelling apartment block and commercial space is for sale in Altona’s Pier Street shopping strip.

The 703-square-metre site at 108 Pier Street last sold in 2017 for $2.05 million. The present two-storey building was formerly the Keima Press printing business, which moved to Williamstown North after the property was sold.

The sale comes as plans for three five-storey apartment blocks with shops, on a former petrol station site next door, are placed on public exhibition.

The former Aero Wash n Fuel service station at 102-106 Pier Street was bulldozed last August to make way for development.

Allard Shelton real estate agency is selling 108 Pier Street with a planning permit for a five-storey development, with generously-sized apartments aimed at owner-occupiers.

The top two levels would have three-bedroom apartments, while the two-bedroom apartments would be about 70 square metres.

Twenty-five parking spaces are proposed, including 22 in stacker systems.

The listing describes the site as being in a “booming residential hot spot surrounded by quality retailers and service providers, only 500 metres to Altona beach”.

Selling agent Martin Huang said there had been “quite a bit of interest” in the property.

“The vendor has got a permit on it and wants to sell it because he’s not in a position to build at this stage,” he said.

“I think $3.5 million will get the deal across the line.”