Multi-tenant commercial investment property situated on approximately 1.30 acres, improved with a 15,110 sq.ft. building fully leased to four tenants. The property provides stable in-place income, with the majority of leases structured as Net leases, allowing for recovery of operating costs. Ample on-site parking is available for tenants and customers, with convenient access to surrounding residential neighbourhoods and established commercial services within Nanaimo. The site includes approximately 0.59 acres of surplus land based on current parking requirements, offering potential for future expansion or redevelopment. This property presents an opportunity for investors seeking steady income with potential for future growth. Financial package available on completion of a Confidentiality Agreement. (id:13843)
| MLS # | 1032811 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial Mix |
| Status | Active |
| Year | 1960 |
| Days On Site | 191 |
| Listing Provided By | 460 Commercial Inc. | John Hankins |
| SQ Feet | 15,110 |
|---|---|
| Zoning | Unknown |
| Acreage | 1.30 |
| Fireplace Yes / No | No |
|---|
| Tax Annual Amount | 70588 |
|---|
| Province | BC |
|---|---|
| City | Nanaimo |
| Postal Code | V9S1L4 |
| Listing VS Median (in V9S1L4) | |
Price: $3,550,000 low | high Med: $3,550,000 sqft: 15,110 low | high Med: 15,110 $ / sqft: $235 low | high Med: $235 On site: 191 low | high Med: 191 | |
| Province | BC |
|---|---|
| City | Nanaimo |
| Postal Code | V9S1L4 |
| Listing VS Median (in V9S1L4) | |
Price: $3,550,000 low | high Med: $3,550,000 sqft: 15,110 low | high Med: 15,110 $ / sqft: $235 low | high Med: $235 On site: 191 low | high Med: 191 | |