15 Front St, Nanaimo, V9R 5H9

Commercial Sale - Unimproved Land For Sale

$4,980,000


Beds
Baths
Sqft
.29Acres
Built
307DOM
MLS® #: 852204
Active, 307 Days on Market

This will be a new iconic building in Downtown Nanaimo by the water! The DT5 zoning allows various developments, including hotel, condo, and mixed commercial and residential use. The floor area ratio is 3.3, the lot coverage ratio is 100%, and the maximum height allowed is 19.8m. No parking required for a hotel building at this location. The city has indicated the potential to increase density and height. A plan for a proposed 89 room hotel was approved for building permit, and many other options are waiting. The Seller is open for a joint venture with a qualified buyer.

Essential Information

MLS® #: 852204
Price: $4,980,000
Bathrooms: 0.00
Acres: 0.29
Type: Commercial Sale
Sub-Type: Unimproved Land
Status: Active

Community Information

Address: 15 Front St
City: Nanaimo
County: Nanaimo Regional District
Province: BC
Postal Code: V9R 5H9

Amenities

View: Ocean

Additional Information

Days on Market: 307
Zoning: DT5

Listing Details

Listing Office: eXp Realty

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