In this paper we identify PKS 1718-649, at a distance of 56 Mpc (z=0.0
14; H-0=75 km s(-1) Mpc(-1), q(0)=0), as the nearest GHz peaked-spectr
um (GPS) radio galaxy, more than four times closer than any previously
known. Extensive observations at radio wavelengths with the Australia
Telescope Compact Array, the Southern Hemisphere VLBI Experiment arra
y, and the Swedish-ESO Submillimetre Telescope have allowed us to dete
rmine the properties of the radio source: PKS 1718-649 consists of two
compact sub-pc-scale components separated by approximately 2 pc, the
overall radio polarization is low, and the radio spectrum is peaked ne
ar 3 GHz. Order-of-magnitude agreement between the quantitative model
for GPS sources of Bicknell et al. [ApJ (1997) (in press)] and the rad
io data we present, as well as data at optical wavelengths from the li
terature, raises the interesting possibility that PKS 1718-649 may be
frustrated in its development by the nuclear environment of its host g
alaxy, NGC 6328. The model of Bicknell et al. (1997) suggests free-fre
e absorption as an explanation of the PKS 1718-649 radio spectrum. How
ever, both free-free absorption and synchrotron self-absorption mechan
isms are plausible for this source and both may contribute to the over
all radio spectrum. PKS 1718-649 provides evidence to strengthen the s
peculative suggestion that GPS sources arise as a consequence of galax
y merger activity. (C) 1997 American Astronomical Society.