Land owners Mermac Properties are seeking to develop the 2239 square metre vacant land site in a $2.2 million proposal that would feature Bendigo's first 7/11 operated fuel and convenience store.

The fuel service area would feature three bowsers, six filling points and a canopy to be positioned towards the intersection of the two streets, with space for vehicle queuing.

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The service station kiosk, 204sqm and a take away food premises, 108sqm, will be contained within a single storey building and supported by 14 car parking spaces.

Access to the site for passing traffic is planned via separate driveways onto Bridge Street and Arnold Street.

The site layout encourages entry via Bridge Street and exit onto Arnold Street, with movements restricted to left in and out only, while access is also proposed onto Uley Street for local traffic.

A traffic report conducted in February, 2020 and prepared by C. Maragos & Associates, revealed typical weekday flows of between 14,000 and 15,000 vehicles per day on Bridge Street and 11,000 to 12,000vpd on Arnold Street, with peaks between 7am-10am and 4pm-7pm.

The proposal believes a service station will capture five per cent of the road's traffic, of which 90 per cent will entry via Bridge Street.

"The expected flows at the site access points are low when compared to passing traffic and therefore not expected to have any adverse impact on those passing flows or on operating conditions at the nearby intersections," the traffic report said.

The type of take away food and drink premises that would occupy the site has not been revealed.