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0.72± acres with 2 buildings 1045 Terminal Av N 6,015 SF 100% Leased Retail Building Nanaimo, BC V9S 4K3 $916,698 USD ($152.40 USD/SF)

Investment Highlights
- High exposure corner property comprising 0.72± acres with two buildings in a prime main street location
- Zoned COR3, this flexible designation supports a wide range of commercial uses,
Executive Summary
High exposure corner property comprising 0.72± acres with two buildings in a prime main street location. Zoned COR3, this flexible designation supports a wide range of commercial uses, offering excellent redevelopment or repositioning potential. The 4,215 sq.ft. two-level former restaurant building is currently vacant and has been stripped of all restaurant equipment, providing a clean slate for your business concept. The second building, approximately 1,800 sq.ft. on one level, is leased to a long-term restaurant tenant, delivering stable income. The site features a large paved parking lot with capacity for approximately 35 vehicles. Strategically located in the heart of the city on a major thoroughfare, directly across from and adjacent to established strip mall centres, this is a rare opportunity to secure a substantial commercial holding with strong exposure and existing income in place. (30378673)
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,015 SF
Building Class
C
Year Built
1981
Price
$916,698 USD
Price Per SF
$152.40 USD
Percent Leased
100%
Building Height
1 Story
Zoning
COR3 - supports a wide range of commercial uses
Walk Score®
Very Walkable (73)
Bike Score®
Very Bikeable (82)
Nearby Major Retailers
1 of 2
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0.72± acres with 2 buildings | 1045 Terminal Av N
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