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5909 Island Hwy
Nanaimo, BC V9T 2L8
Land For Sale
·
0.95 AC
INVESTMENT HIGHLIGHTS
- Development site
- Development features, and amenities provided
- The maximum allowable base density, expressed as a Floor Area Ratio (FAR) for COR2 is 1.25
EXECUTIVE SUMMARY
PROPERTY FACTS
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | Commercial |
| Property Type | Land | Total Lot Size | 0.95 AC |
| Zoning | COR2 - Mixed Use Corridor | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.95 AC |
| Zoning | COR2 - Mixed Use Corridor |
1 LOT AVAILABLE
Lot
| Price | $1,361,109 USD | Lot Size | 0.95 AC |
| Price Per AC | $1,438,552.52 USD |
| Price | $1,361,109 USD |
| Price Per AC | $1,438,552.52 USD |
| Lot Size | 0.95 AC |
The site offers frontage on Island Highway N of ±233 feet, and on Turner Road of ±127 feet. It is rectangular in shape and is estimated to be ±41,215 square feet. The site is level and fenced.
DESCRIPTION
The subject site is located on Island Highway in North Nanaimo which is the second largest city on Vancouver Island. Nanaimo has a population of just over 102,000 with a one-hour drive trade population of approximately 260,000. The subject property is situated at a controlled intersection on the corner of Island Highway and Turner Road directly across from Northridge Village Shopping Centre and Longwood Station. Island Highway is one of the main commuter routes in the area connecting Nanaimo and the northern island to the Departure Bay Ferry Terminal which links Vancouver Island to the mainland. The property offers quick and easy access to all areas of Nanaimo via Island Highway and all points north and south of Nanaimo via Highway #19 and Highway #1
