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Main Photo: 15 Front St in : Na Old City Unimproved Land for sale (Nanaimo)  : MLS®# 852204
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
852204
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.
Property Type:
Commercial Sale
Type:
Unimproved Land
Commercial Type:
Land
Lease Type:
Sale Price
Listing General Location:
Na Old City, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
12,632.4 sq. ft.
Lot Details:
126 x 100
Water supply:
Municipal
Sewer:
Sewer To Lot
Fireplace:
No
Ocean
Main Level
0
Yes
Yes
No
Unrestricted
Jurisdiction name:
City of Nanaimo
Zoning:
DT5
Occupancy:
Vacant
Lot Site Features:
Central Location, Cleared, Corner Lot, Easy Access, Level, Marina Nearby, Serviced, Shopping Nearby
Date Listed:
Aug 17, 2020
Original Price:
4980000.0
  • Photo 1: 15 Front St in : Na Old City Unimproved Land for sale (Nanaimo)  : MLS®# 852204
    Photo 1 of 1
Listed by eXp Realty
Data was last updated May 8, 2021 at 12:05 AM (UTC)
Area Statistics
Listings on market:
29
Avg list price:
$950,000
Min list price:
$69,900
Max list price:
$9,900,000
Avg days on market:
88
Min days on market:
2
Max days on market:
603
These statistics are generated based on the current listing's property type and located in Na Old City. Average values are derived using median calculations.
STEVE NGUYEN
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