NEW PRICE $1,275,000 – Rare opportunity to acquire 2 contiguous parcels totalling over 15,000 sqft in the heart of Downtown Nanaimo with highly desirable DT5 zoning allowing for mixed-use and higher-density development, offering a compelling blend of immediate usability and long-term redevelopment potential, improved with an existing 3,092 sqft building featuring a restaurant-ready commercial layout with commercial kitchen infrastructure, multiple washrooms and lower-level office/storage area, with recent upgrades including a newly completed torch-on roof and interior remediation providing a solid foundation for occupancy or holding income, further enhanced by patio areas and an adjoining lot currently configured for parking or future expansion, all ideally positioned in a walkable, transit-oriented location steps from the waterfront and suited to restaurant, café, commercial, professional, medical or redevelopment opportunities.