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Investment Highlights

  • Ample Highway Exposure and Access
  • Adjacent to Over 200 Multifamily Residences
  • Grocery or Market Retailer Opportunity
  • Transit Available Adjacent to Site

Executive Summary

This new development offers a grocery or market anchor an excellent opportunity to leverage a pre-existing clientele of visitors to the bustling resort destination of Parksville and a new audience of long-term rental residents.
Situated within the city of Parksville, just minutes from Nanoose Bay, the location boasts prime arterial exposure and nearby highway access. Signage opportunities include building and pylon signs, with direct access from the Old Island Highway and Resort Drive.
The adjacent multifamily development will consist of over 240 apartment units, and there are multiple spas, conference resorts, and strata hotels in the immediate vicinity, attracting a high volume of visitors year-round. Any retailer would serve as a valuable amenity to nearby residents and the surrounding community.
The absence of grocery options in the immediate area has identified a significant market gap and an opportunity. With construction anticipated to begin in early 2025, now is the chance to secure this area for your business.
For Sale: Up to 1.5 Acres for Grocery Anchor Only

Property Facts

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Supermarket
Total Lot Size 1.50 AC
Zoning CD - Comprehensive Development

1 Lot Available

Lot

Lot Size 1.50 AC

1.5-acre land parcel zoned CD and set aside by owner for Grocery Store location. The Vendor would consider subdividing and selling the retail focused parcel to a qualified grocery user only. The Vendor would sell the parcel with the appropriate subd

Description

This commercial development offers retailers a unique, untapped opportunity in a bustling area known for its top-rated resorts on Vancouver Island and nearby Rathtrevor Provincial Park, with more than 830,000 visitors annually. As of now, there are very few retail amenities in the vicinity. Yet the area services thousands of people and is easily accessed from the Highway. A transit stop will also be located immediately adjacent to the future development.

Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
  • Listing ID: 33949747

  • Date on Market: 11/21/2024

  • Last Updated:

  • Address: 1180 Resort Dr, Parksville, BC V9P 2E3

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