$929,000
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0.26 Acres Lot
SOLD DATE : 10/15/2024
Key Details
Sold Price $929,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 966227
Year Built 1954
Annual Tax Amount $15,696
Tax Year 2023
Lot Size 0.260 Acres
Property Description
Prime investment opportunity in downtown Nanaimo! This commercial building & property is a gem to be discovered & features 2 stories encompassing approx 7,600 sq.ft, on a 11160 sq.ft lot, ample space for various ventures. With DT8 zoning, numerous usage options are available, including retail, restaurant, warehousing/storage, printing/publishing, pawn shop, second hand store, thrift shop, dollar store, & more. The potential for profit & a good cap rate is endless. Well-constructed & vacant for immediate possession, The building has a gas forced air heating system, 3 bathrooms, front & rear paved parking with loading dock. Separate hydro room with multiple power meters & 3-phase power. Perfect building for your growing business. Level street access on main floor, with decent traffic count. Just blocks to downtown & close to BC Ferries, Sea Plane, Hullo ferry & Heli Jet terminal servicing Vancouver. Plenty of parking front/back/street. Don't miss out to enhance your investment portfolio.
Location
Province BC
County Nanaimo, City Of
Area Na Old City
Zoning DT8
Interior
Heating Forced Air, Natural Gas
Exterior
Exterior Feature Awning(s), Fencing: Partial, Sign: Allowed
Parking On Site 1
Utilities Available Electricity To Lot, Natural Gas To Lot, Phone To Lot
Building
Lot Description Easy Access
Story 2
Foundation Poured Concrete
Sewer Sewer Connected
Water Municipal
Structure Type Stucco
Others
Acceptable Financing Must Be Paid Off
Listing Terms Must Be Paid Off
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Bought with RE/MAX of Nanaimo
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