Strategic commercial corner property located at the entrance of Nanoose Bay Village & Fairwinds Golf & Residential Development. 1.7 Acres plus a registered easement for access/egress for over 100 space parking lot of 1.04 acres which provides the project with functionally usable size of 2.75 acres. Property is approved for 2 phases of commercial development with no time frame limit for construction or completion. Phase 1 is ready to go & will consist of 3 levels with 30,247 SF of mixed commercial. Property has been approved for both left & right hand vehicle turning lanes on Powder Point Rd & Northwest Bay Rd. Owners have been advised the OCP Plan currently supports multi-res & commercial usage. Amending the current zoning to Comm/Res Mix would provide approx. 20,000 SF of residential on the 1st & 2nd floor plus 13,508 SF commercial on the main level. Certified appraisal is available & owner will help buyer navigate any amendments the Buyer might require for future development changes.
Listed by RE/MAX Of Nanaimo, sold on May, 2022
Data was last updated May 24, 2022 at 07:30 AM (UTC)