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1870 East Wellington Rd
Na Central Nanaimo Nanaimo V9S 5X7

$3,400,000
Commercial Sale

Main Photo: 1870 East Wellington Rd in Nanaimo: Na Central Nanaimo Mixed Use for sale : MLS®# 947310
Photo 1: 1870 East Wellington Rd in Nanaimo: Na Central Nanaimo Mixed Use for sale : MLS®# 947310
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Photo 41: 1870 East Wellington Rd in Nanaimo: Na Central Nanaimo Mixed Use for sale : MLS®# 947310
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
947310
FOR SALE Land, Building & Business with significant re-development potential. Located in Central Nanaimo, zoned Commercial COR3 Community Corridor with a future re-development focus toward mixed commercial & multi-family. This site is located in an area that has undergone unprecedented development in the last 10 years such as new multi-family buildings, office buildings, and the newly built Greenrock service commercial/industrial node which includes various businesses that will service the needs of the local community all within walking distance to the hospital, 5 minute drive to downtown & VIU. The property frontage is over 250 ft with the total lot size 1.07 acres. Improved with a 13,296 sq ft tilt up concrete frame building & utilized as a family owned successful Bowling Alley w/Escape Rooms. This is an excellent opportunity with various options. Operate as is, re-purpose the building to a commercial use, or re-develop to Commercial/Multi-Family. Information package available.
Property Type:
Commercial Sale
Type:
Mixed Use
Commercial Type:
Building, Business, Land
Lease Type:
Sale Price
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Na Central Nanaimo, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
1.074 acre(s)
Taxes:
Building Features:
Parking, Shopping Nearby, Visual Exposure
Ceiling Heights:
Floor finish:
Mixed
Total Building Area:
13,296 sq. ft.
Commercial Area:
Water supply:
Municipal
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:
COR-3
Units in Building:
Units in Community:
Occupancy:
Owner
Lot Site Features:
Acreage, Central Location, Easy Access, Level, Recreation Nearby, Shopping Nearby
Parking Features:
On Site
Road Surface Type:
Paved
Business Name:
Brechin Lanes & Escape Rooms
Business Type:
Other
Total Units:
Date Listed:
Oct 30, 2023
Original Price:
3400000.0
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Listed by RE/MAX of Nanaimo
Data was last updated April 16, 2024 at 10:05 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:
151
Min days on market:
6
Max days on market:
406
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.