Great commercial or residential development property strategically located 2 blocks away from a large scale commercial development that will include a new Quality Foods on Bruce Ave and 8th St. This 11,302 sq/ft corner lot is zoned COR3 which allows for a variety of different residential and commercial uses. With 60% site coverage allowed this would yield a buildable footprint of approximately 6780 sq/ft. The surrounding areas have seen a large amount of new residential development in the last few years with much more on the way. Close proximity to 2 large high schools, VIU and excellent visibility further enhance this site. The main floor is currently leased to a thrift store and the upper level residential suite is rented to long term tenants. Measurements approx - buyer to verify.
Chris Martin, 250.751.1223 at RE/MAX of Nanaimo, #1 - 5140 Metral Drive, Nanaimo, British Columbia, V9T 2K8