FOR SALE
0.32 ACRE DEVELOPMENT SITE 2912 NORWELL DRIVE, NANAIMO, BC
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Opportunity Colliers International is pleased to present the sale offering of 2912 Norwell Drive, a 0.32 acre development site with approved development permit for a proposed 7,382 SF two storey mixed use building. The property is close to all of central and North Nanaimo’s amenities and is situated in an area of high commercial and residential development. Rendering image
Contact Us BRAD BAILEY +1 250 250 740 1060 ext 1
[email protected] JASON WINTON +1 250 250 740 1060 ext 2
[email protected] COLLIERS INTERNATIONAL 335 Wesley Street, Suite 105 Nanaimo, BC V9R 2T5 MAIN: +1 250 740 1060 FAX: +1 250 740 1067 www.collierscanada.com/nanaimo
FOR SALE
0.32 ACRE DEVELOPMENT SITE 2912 NORWELL DRIVE, NANAIMO, BC
Location
Located in central/North Nanaimo, the property is surrounded by single and multi-family residential development with numerous retail, office, and commercial centres in immediate proximity, including Country Club Shopping Centre. The property fronts onto Norwell Drive, a major arterial providing access/egress from the Island Highway only 150 meters from Nanaimo’s busiest intersection (Island Highway and Bowen Road). The subject is situated on the east side of Norwell Drive along a corridor featuring commercial and mixed use buildings.
WOODGROVE CENTRE
Legal Description
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2912 Norwell Drive. Lot A, Section 5, Wellington District, VIP72757 PID: 025-128-256
DOWNTOWN NANAIMO
Site Information
The site is comprised of one single parcel totaling 0.32 acres (14,100 SF). The property slopes gently downward to the western boundary fronting Norwell Drive. The parcel possesses excellent exposure to Norwell Drive and is accessed directly from the street (right in, right out). All municipal and community services are available. There is an older single family residence on the property which is currently vacant. A purchaser could elect, with some repair, to rent the residence to tenants if holding income was desired. A full set of building plans exists for a proposed 7,382 square foot building featuring two storeys and providing for 3,649 SF on main floor commercial space; and 3,432 SF of upper floor residential suites (3 proposed units) with 17 parking stalls provided. A development permit is approved.
Taxes (2015) $3,509.07
Zoning
COR 2 - Mixed use corridor This zone provides for mixed use, street oriented development along urban arterials and major collector roads. Permitted uses include: Artists Studio, Assembly Hall, Bed and Breakfast, Boarding and Lodging, Commercial School, Daycare, Financial Institution, Furniture and Appliance Sales, Hotel, Laundromat, Library, live/ work, multiple family dwelling, neighbourhood pub, office, personal care facility, printing and publishing, production studio, recreational facility, religious institution, restaurant, retail, seniors housing, single family dwelling, social service centre, theatre, university, college, technical school, veterinary clinic.
Purchase Price Five Hundred and Forty Nine Thousand Dollars ($549,000.00) $499,000.00
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