The Engadine Tavern car park site is being sold after approval was given for a development containing 64 apartments.
Expressions of interest have been called for the 2692 square metre site, which is at the rear of the tavern.
White and Partners, who developed the Union Place apartment block and ground floor hotel at Jannali, bought Engadine Tavern in 2018.
The company not only gained development approval for the apartments project, but also successfully negotiated a land swap with Sutherland Shire Council, which provided a cleaner shape for the development while adding land to Engadine Park.
Development approval has been given for one studio, 18 one-bedroom, 38 two-bedroom and seven three-bedroom units.
The site, 5 Preston Avenue, is being sold by Ray White Commercial.
Ray White Commercial's Jeff Moxham said the tavern car park was identified as under-utilised land.
"The vendors, not being core developers / builders, are seeking expressions of interest to sell the site to a new owner to deliver the vision," he said.
"Having an existing and recent history of working with the Sutherland Shire Council as part of the successful redevelopment of the former [Jannali Inn], their vision was to re-purpose the car park and create a landmark development opportunity in the heart of the town centre."
Expressions of interest close on September 24.