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Listed by Lee Robinson Royal LePage Nanaimo Realty (NanIsHwyN)
$ 1,250,000
Est. payment /mo
Active
1045 Terminal Ave Nanaimo, BC V9S 4K3
4,447 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,447 sqft
Price per Sqft $281
MLS Listing ID 1025841
HOA Y/N No
Annual Tax Amount $25,023
Tax Year 2025
Lot Size 0.720 Acres
Acres 0.72
Property Sub-Type Mixed Use
Property Description
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.
Location
Province BC
County Nanaimo, City Of
Community Na Central Nanaimo
Area Nanaimo
Zoning COR3
Interior
Fireplace No
Exterior
Parking Features On Site
Garage Spaces 35.0
View Y/N No
Street Surface Paved
Total Parking Spaces 35
Garage No
Building
Lot Description Central Location, Easy Access, Level, Shopping Nearby, Sidewalk
Sewer Sewer Connected
Water Municipal
Others
Ownership Freehold
Acceptable Financing Must Be Paid Off
Listing Terms Must Be Paid Off
Nearby School & Business
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