Commercial property for sale

451 Albert St, Nanaimo

$949,000 or
$949,000 or

Commercial property for sale

451 Albert St, Nanaimo

Features

Lifestyle
966227 949000 /en/commercial-property~for-sale~nanaimo/966227?view=Summary /en/commercial-property~for-sale~nanaimo/966227/photos 49.1618300000 -123.9382300000 true
Year Built
1954
Floor Area
7,600 sqft
Lot Size
11,160 sqft
Gross Property Tax
$15,696 /year
Zoning
DT8
Amenities
Awning(s), Fencing: Partial, Sign: Allowed, High Traffic Area, Loading Bay(s), Parking
Additional Features
Easy Access
95

Description

Prime investment opportunity in downtown Nanaimo! This commercial building & property is a gem to be discovered & features 2 stories encompassing approx 7,600 sq.ft, on a 11160 sq.ft lot, ample space for various ventures. With DT8 zoning, numerous usage options are available, including retail, restaurant, warehousing/storage, printing/publishing, pawn shop, second hand store, thrift shop, dollar store, & more. The potential for profit & a good cap rate is endless. Well-constructed & vacant for immediate possession, The building has a gas forced air heating system, 3 bathrooms, front & rear paved parking with loading dock. Separate hydro room with multiple power meters & 3-phase power. Perfect building for your growing business. Level street access on main floor, with decent traffic count. Just blocks to downtown & close to BC Ferries, Sea Plane, Hullo ferry & Heli Jet terminal servicing Vancouver. Plenty of parking front/back/street. Don't miss out to enhance your investment portfolio.
MLS® Number 966227

Listing REALTORS®

Wendell Specken, REALTOR<sup>®</sup>

Wendell Specken

REALTOR®

Sutton Group-West Coast Realty (Nan)

Jim Johnson, REALTOR<sup>®</sup>

Jim Johnson

REALTOR®

Sutton Group-West Coast Realty (Nan)

Location

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  • The amounts shown above are for information purposes only and do not include taxes, if applicable.
  • You must purchase mortgage default insurance if your down payment is less than 20 per cent of the purchase price of the property.
  • This calculator doesn't calculate the further 2% tax on residential property greater than $3,000,000 or the additional property transfer tax on residential property transfers to foreign entities or taxable trustees. Learn more about property transfer tax.
  • There are additional costs to buying a home. Speak with your REALTOR® for more information.
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