Attention builders and investors! Waterfront acreage development site located on Diver Lake. High visibility in one of the most desirable area of north Nanaimo commercial hub. Near 2 busy highways. Final reading rezoning to "Corridor 1" with the city. Corridor 1 offers a wide variety of uses such as hotel, offices, and multi-family. Build a multi-functional building in this fast growing area. Allowed lot coverage under review of over 43,000 sq ft building with 4 levels including basement or 72 unit hotel with 72 parking spaces on 1.23 acres. Complete package of reports available with signed NDA.