Address
324 Terminal Ave Nanaimo, BC
Price
$ 950,000
Property Attributes
  • MLS#860091
  • TypeCommercial
  • CityNanaimo
  • AreaNanaimo
  • NeighbourhoodNa Old City
  • Postal CodeV9R 5C8
  • StyleBusiness
  • Year Built1974
  • Taxes12970
  • Price$ 950,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size3,049 SqFt
Listing Provided Courtesy Of:
RE/MAX Of Nanaimo
Property Description

Fully leased commercial building with near 8% CAP Rate. 324 Terminal Ave is now fully leased with its longest term tenant renewing for an additional term through 2023. Beautifully renovated office building is in the heart of downtown Nanaimo, right beside the largest customer parkade with stairs access to all shops & restaurants in the Commercial St corridor. The owner purchased this building for his own use for a web development company & the renovations were done to the highest standard by Bob Wall Contracting. It has NEW HVAC for all 3 units and is fully wired for the tech needs or any company. Out of town visitors to our clients can walk to the building in less than 5 minutes from the seaplane. You cannot beat this location! Since it is downtown Nanaimo, ensuring you have environmental surveys done is important. The owner has already purchased both phase 1 & 2 environmental surveys and can provide them to interested parties (this is an added value of over $50k)

General Features

Business Type Retail, Other
Commercial Area Downtown
Commercial Listing Type Building
Construction Materials Frame Wood
Flooring Carpet
Pets Allowed Y/N Yes
Property SubType Business
Property Type Commercial Sale
Sewer Sewer To Lot
Zoning DT4

Interior Features

Number Of Units In Building 3
Total Units 3

Exterior Features

Building Features Basement, Fire Alarm, Fire Sprinklers, High Traffic Area, Kitchen/Staff Room, Leasehold Improvements, Security System, Shopping Nearby, Storage Room, Transit Nearby, Visual Exposure
Foundation Slab
Lot Size Acres 0.07
Lot Size Square Feet 3020.00
Water Source Municipal

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Postal Code Average in V9R 5C8

Price
AVG $630K
$950K
Taxes
AVG $12,970
$12,970
Visits
AVG 6
18
Year Built
AVG 1974
1974
Walkscore
AVG 80
80
Data Provided by Walkscore ® not using MLS data