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421 Third St
Na University District Nanaimo V9R 1W5

$759,900
Commercial Sale

Main Photo: 421 Third St in Nanaimo: Na University District Mixed Use for sale : MLS®# 993054
Photo 1: 421 Third St in Nanaimo: Na University District Mixed Use for sale : MLS®# 993054
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Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
993054
COR-1 Zoned corner property best suited for redevelopment or holding. The small house and cottage on the property may also be used as a rental for holding the property until construction begins. Located at the base of 3rd Street on a major corridor between downtown Nanaimo and the highway. The zoning allows for multi-storey mixed commercial/residential development similar to other recent builds on 3rd Street. *** DO NOT access property without appointment. Tenant on property with aggressive dog. Walking distance to downtown, recreational activities, VIU, cafes/restaurants and shops. On major bus routes. Make an appointment to view today.
Property Type:
Commercial Sale
Type:
Mixed Use
Commercial Type:
Land
Lease Type:
Sale Price
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Na University District, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
11,970 sq. ft.
Taxes:
Construction:
Frame Wood
Foundation:
Concrete Perimeter
Ceiling Heights:
Commercial Area:
Fireplace:
No
Pending Date:
Mountain(s)
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-1
Units in Building:
Units in Community:
Occupancy:
Tenant
Lot Site Features:
Central Location, Corner Lot, Level
Parking Features:
On Site
Total Parking Spaces:
20
Road Surface Type:
Paved, Unimproved
Total Units:
Date Listed:
Mar 24, 2025
Original Price:
759900.0
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Listed by RE/MAX Generation (LD)
Data was last updated April 1, 2025 at 10:05 PM (UTC)
Area Statistics
Listings on market:
87
Avg list price:
$925,000
Min list price:
$23
Max list price:
$11,500,000
Avg days on market:
120
Min days on market:
5
Max days on market:
558
These statistics are generated based on the current listing's property type and located in 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.