Investor alert! Building lot with fantastic potential in the Old City Quarter. This .12 acre property is nestled in a high-demand rental area, within walking distance of restaurants, specialty retail, pubs, amenities, and Nanaimo's downtown core. Currently a fully-rented, 18 stall parking lot, this property presents a golden opportunity to generate revenue while you formulate ideas for the space in this level, no-thru road location. Open zoning allows for mixed commercial/residential use and a wide array of opportunities such as a low-rise condominium development with potential for ocean-view rooftop patios. Ask for a complete buyers package for review.