The site of the former - and proposed - Arrowtown Petrol Station is on the market again, for sale by tender.
The town's last petrol station operated under the Mobil brand and closed about five years ago, leaving the nearest petrol pumps for visitors and residents in Frankton, 13km away.
Makaraka Estate Ltd bought the site, on the corner of Wiltshire and Berkshire Sts, in 2007 when Mobil removed its tanks.
Makaraka spent four years working to re-establish fuel pumps, before seeking resource consent last year.
The Auckland-based company announced its plans for a $2.6 million development in March, which would have contained two Gasoline Alley Services Ltd (GAS) fuel pumps, supplied by a new 50,000-litre underground fuel tank with compartments.
The company sought land-use consent to establish the fuel service station, a service station shop, an office and a "commercial activity" at the site, which contained Shamrock Motors' auto repair workshop.
Makaraka Estate Ltd also proposed to restore the existing Wesleyan Methodist Church building, which was established in the 1880s. The restoration would include that of the belltower.
The application attracted 148 submissions, 118 of them in support, but has been on hold with Lakes Environmental for more than a year.
Bayleys Queenstown salesman Simon Beadle said the 1538sq m site, which contains the former service station, Shamrock Motors and the former church which now houses an art gallery, needed a new developer.
Last year the site had a rateable value of $1,101,000.
"There's obviously a need for a petrol station in Arrowtown to cater for not only the local market, but also for the huge number of tourists coming through.
"The corner site is perfect as it has traditionally been a service station ... all we need now is someone to come along and develop it."
Mr Beadle said Shamrock Motors had a month-to-month lease in place, but the company was willing to negotiate a new extended lease with any potential owner.
The Arrowtown Gallery had a lease in place to 2014 with three further three-year rights of renewal.
Both businesses would provide "holding income" until the necessary resource consents for a potential petrol station was acquired by any new owner.
Arrowtown Promotion and Business Association manager Sue Patterson said the time was right for a new petrol station in the town, which attracted about 385,000 visitors per year.
"If you're an Arrowtown local, when you see the fuel light go on the dashboard of your car, you don't go any further than Frankton without filling up. Any planned development for a petrol station, provided it fits in with the historic aesthetics of Arrowtown's architecture and buildings, would be a welcome addition."
Tenders close on July 20.