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FOR SALE or LEASE: 4.769 acres of redevelopment land on foreshore lease with holding income from multiple commercial and residential tenancies and marina business. Located in immediate proximity to the BC Ferry Departure Bay Terminal which services vehicle and foot traffic to Horseshoe Bay on the Lower Mainland. This is a rare opportunity to acquire a key piece of waterfront land in Nanaimo that is only 1 km from downtown Nanaimo and has excellent exposure to ferry traffic. The surrounding area is rapidly developing and features restaurants, pubs, a sea plane terminal, and pedestrian seawall. Property is currently zoned W2 - Harbour Waterfront - permitted uses include but are not limited to hotel, marina, marine equipment sales, moorage, multiple family dwelling, neighbourhood pub, public markets, recreational facility, restuarant, retail, seaplane terminal, tourist facility, yacht club etc. Contact listing agent for further details.