1045 Terminal N Ave, Nanaimo

$1,250,000 |   MLS® Number  1025841

Commercial property for sale in Nanaimo, Central Nanaimo, 1045 Terminal N Ave, 1025841 | Realtylink.org

Commercial property for sale

Floor Area
4,215 sqft
Lot Size
31,446 sqft
Gross Property Tax
$25,023 /year
Zoning
COR3
Amenities
High Traffic Area, Kitchen/Staff Room, Parking, Shopping Nearby, Transit Nearby, Visual Exposure
Additional Features
Central Location, Easy Access, Level, Shopping Nearby, Sidewalk

High exposure corner property comprising 0.72± acres with two buildings in a prime main street location. Zoned COR3, this flexible designation supports a wide range of commercial uses, offering excellent redevelopment or repositioning potential. The 4,215 sq.ft. two-level former restaurant building is currently vacant and has been stripped of all restaurant equipment, providing a clean slate for your business concept. The second building, approximately 1,800 sq.ft. on one level, is leased to a long-term restaurant tenant, delivering stable income. The site features a large paved parking lot with capacity for approximately 35 vehicles. Strategically located in the heart of the city on a major thoroughfare, directly across from and adjacent to established strip mall centres, this is a rare opportunity to secure a substantial commercial holding with strong exposure and existing income in place.