Description

Rare opportunity to acquire 2 contiguous parcels w/ over 15,000 sqft in Downtown Nanaimo with highly sought-after DT5 zoning, allowing for mixed-use and higher-density development. Offering a combination of immediate usability and long-term redevelopment potential, the property is improved with a 3,092 sq ft building featuring a restaurant-ready commercial layout complete with commercial kitchen infrastructure, multiple washrooms and lower-level office/storage space. Recent capital improvements include a new torch-on roof and interior remediation, providing a solid foundation for immediate occupancy, leasing or holding income. An adjoining parcel currently provides on-site parking while offering future expansion or redevelopment flexibility. Positioned in Nanaimo's downtown core, steps from the waterfront, transit and amenities. Opportunity for developers, investors, restaurateurs, medical or professional users. The seller is motivated and welcomes serious offers.