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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 April 15, 2024 at 02:05 AM (UTC)
Area Statistics
Listings on market:
18
Avg list price:
$1,087,450
Min list price:
$79,900
Max list price:
$7,360,000
Avg days on market:
149
Min days on market:
4
Max days on market:
404
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.
DEANA BAUMEL PREC
MICHAEL PETERSON PREC
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.