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2236 Mcgarrigle Rd 1 Acre of Industrial Land Offered at $1,360,911 USD in Nanaimo, BC V9S 4M6
Investment Highlights
- Sale-leaseback opportunity with a long-standing, established tenant.
- Multiple income streams — primary lease plus rear yard parking tenants.
- 1-acre I-2 zoned lot with dual frontage — McGarrigle & Northfield Rd.
Executive Summary
The site improvements include a 3,000 SF freestanding building with 12' ceiling clearance, a 276 SF rear carport, and a 1,186 SF paved front yard suitable for parking. A fenced and graded rear yard is currently leased as parking to two additional tenants, providing supplementary income alongside the primary lease. Current zoning permits subdivision into two lots, offering a purchaser additional long-term flexibility.
The property has operated as a dry cleaning business since the 1960s, with current ownership in place since 2005. The seller is proposing a 5-year triple net (NNN) leaseback at closing (length negotiable), providing a purchaser with immediate, stable in-place income backed by decades of continuous operating history at this location. Purchase of the business itself in addition to the land is also negotiable.
This offering represents an attractive opportunity for an investor seeking an income-producing industrial asset with embedded redevelopment potential in a growing Vancouver Island market.
Property Facts
| Price | $1,360,911 USD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Industrial |
| Sale Condition | Sale Leaseback | Total Lot Size | 1.00 AC |
| No. Lots | 1 | ||
| Zoning | I-2 (Light Industrial) - Zoned I-2 under City of Nanaimo Bylaw No. 4500 Permits enclosed industrial use with accessory outdoor storage, parking, and loading. | ||
| Price | $1,360,911 USD |
| Sale Type | Investment |
| Sale Condition | Sale Leaseback |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Industrial |
| Total Lot Size | 1.00 AC |
| Zoning | I-2 (Light Industrial) - Zoned I-2 under City of Nanaimo Bylaw No. 4500 Permits enclosed industrial use with accessory outdoor storage, parking, and loading. |
1 Lot Available
Lot
| Price | $1,360,911 USD | Lot Size | 1.00 AC |
| Price Per AC | $1,360,910.67 USD |
| Price | $1,360,911 USD |
| Price Per AC | $1,360,910.67 USD |
| Lot Size | 1.00 AC |
1-acre parcel, single title, zoned I-2 (Light Industrial), dual frontage on McGarrigle & Northfield Rd with access to Hwy 19A & Nanaimo Parkway. Paved front yard parking; fenced, graded rear yard used as tenant parking.
Description
2236 McGarrigle Road is a 3,000 SF freestanding concrete block industrial building situated on a 1-acre lot in Nanaimo, BC. The building features 12' ceiling clearance, a 276 SF rear carport, a new roof installed in August 2025, and is serviced with electricity, plumbing, and hot water — offering functional flexibility for a range of light industrial or service-based uses. The site benefits from dual road frontage on McGarrigle Road and Northfield Road, providing direct access to Highway 19A and the Nanaimo Parkway. A 1,186 SF paved front yard offers dedicated parking, while a fenced and graded rear yard is currently leased as parking to two additional tenants, generating supplementary income. The property is zoned I-2 (Light Industrial) under City of Nanaimo Zoning Bylaw No. 4500, supporting continued industrial or service use. The site has been home to an established dry cleaning business since the 1960s, offering a purchaser a long operating history at this location under a proposed leaseback arrangement.
Presented by
Pressed For Time
2236 Mcgarrigle Rd
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