0.48 acre high exposure commercial property with excellent development potential. This property is currently vacant zoned DT4 - Terminal Avenue Zone. The property is well located in the growing downtown core of Nanaimo with frontage onto Terminal Avenue and only blocks away from the waterfront, Vancouver Island Conference Centre and float plane terminals. DT4 - This zone provides for predominately mixed office and retail area with three to six storey buildings intended to support the unique role as a gateway into the downtown core. 2.3 FAR base density with +0.2 additional density for Tier 1 and +0.25 additional density for Tier 2. Maximum height permitted is 19.8m. Contact listing agent for further details.
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:
20,908.945 sq. ft.1,942.505 m2
Taxes:
$18,934.64 /
2022
Commercial Area:
Not Applicable
Water supply:
Municipal
Sewer:
Sewer Available
Fireplace:
No
Main Level
0
Yes
No
Unrestricted
Assessed:
1109000.0
Assessment year:
2023
Jurisdiction name:
City of Nanaimo
Legal Description:
Lot 4 & 5, Plan VIP9079, Section 1, Nanaimo Land District, & BED OF PUBLIC HARBOUR of NANAIMO,
PID's: 005-542-880 & 005-542-898
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Listed by Colliers International (Nan)
Data was last updated October 4, 2024 at 07:30 AM (UTC)
Area Statistics
Listings on market:
32
Avg list price:
$949,450
Min list price:
$23
Max list price:
$4,880,000
Avg days on market:
87
Min days on market:
3
Max days on market:
486
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.