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1045 N Terminal Ave
Na Central Nanaimo Nanaimo V9S 4K3

$1,599,000
Commercial Sale

Main Photo: 1045 N Terminal Ave in Nanaimo: Na Central Nanaimo Mixed Use for sale : MLS®# 924937
Photo 1: 1045 N Terminal Ave in Nanaimo: Na Central Nanaimo Mixed Use for sale : MLS®# 924937
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Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
924937
High visibility main street, corner lot, 0.72+/- acre property with 2 buildings. Desirable COR 3 zoning awaiting your business ideas. 4,215 sqft two level former restaurant building is vacant and has been cleared of all restaurant equipment. 1,800 sqft single level building leased with a long term restaurant tenant. There is a large paved parking lot that can accommodate 50 vehicles. this property is in the heart of the city near a major strip mall complex and across the road from another one. Bring your ideas, this is a very good opportunity to purchase a large piece of land on a major thoroughfare with income in place.
Property Type:
Commercial Sale
Type:
Mixed Use
Commercial Type:
Building, Land
Lease Type:
Sale of Assets
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Na Central Nanaimo, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
0.722 acre(s)
Taxes:
Ceiling Heights:
Total Building Area:
6,000 sq. ft.
Commercial Area:
Sewer:
Sewer Connected
Fireplace:
No
Pending Date:
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Nanaimo
Legal Description:
Zoning:
COR3
Legal Non-Conformance:
No
Units in Building:
Units in Community:
Lot Site Features:
Central Location, Curb & Gutter, Easy Access, Level, Marina Nearby, Near Golf Course, Recreation Nearby, Shopping Nearby, Sidewalk
Parking Features:
On Site
Total Parking Spaces:
50
Road Surface Type:
Paved
Total Units:
Date Listed:
Mar 07, 2023
Original Price:
1599000.0
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Listed by Royal LePage Nanaimo Realty (NanIsHwyN)
Data was last updated June 19, 2024 at 02:05 PM (UTC)
Area Statistics
Listings on market:
16
Avg list price:
$1,187,450
Min list price:
$350,000
Max list price:
$7,360,000
Avg days on market:
90
Min days on market:
23
Max days on market:
470
These statistics are generated based on the current listing's property type and located in Na Central Nanaimo. Average values are derived using median calculations.
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.