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.
- Price:
- $4,980,000
- Acreage:
- 0.29
- Listing ID #:
- 852204
- Street Address:
- 15 Front St
- City:
- Nanaimo
- Province:
- British Columbia
- Postal Code:
- V9R 5H9
- County:
- Nanaimo Regional District
- Community:
- Nanaimo
- Subarea:
- Old City
- Listing Status:
- Active
- Listing Type:
- Commercial Sale
- View:
- Ocean
- Conforms To Zoning:
- Dt5
- Lot Features:
- Central Location, Cleared, Corner Lot, Easy Access, Level, Marina Nearby, Serviced, Shopping Nearby
- Lot Size:
- 0.29
- Lot Size Units:
- Acres
- Lot Square Footage:
- 12600
- Days On Market:
- 239
- Originating Mls:
- Vancouver Island Real Estate Board
- Street Type:
- St
- Sub Area:
- Old City
- Ownership:
- Freehold
- Tax Year:
- 2019
- Pet Allowed:
- Yes
- Existing Water:
- Municipal
- Sewage Type:
- Sewer To Lot
- Listing Provided By Selina Xia* of Exp Realty
