Listing Details for 15 Front St, Nanaimo - MLS® #894932

Property Description

Golden opportunity! Investors, Hotel owners and developers alert - rare find this development site to own and build your own OCEAN FRONT 3 - 4 star hotel with building permit ready to build, you will own brand new hotel soon with 89 rooms and more other potential. This site will be a new iconic building in Downtown Nanaimo by the water! The DT5 zoning allows various developments, including hotel, condo & mixed commercial and residential use. The floor area ratio is 3.3, the lot coverage ratio is 100%. 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 possible. If you are smart buyer, Act now! Hurry, won't last! to increase density and height. A plan for a proposed 89 room hotel was approved for building permit, and many other options are possible. If you are smart buyer, Act now! Hurry, won't last! (id:8145)