1045 Terminal Av N - Restaurant FOR SALE


Nanaimo, BC V9S 4K3
$1,250,000 CAD
250-327-8988
1045 Terminal Av N, Nanaimo, BC for Sale
$1,250,000 CAD
Restaurant - FOR SALE
1/1
null | Request Cap Rate

1045 Terminal Av N
Nanaimo, BC V9S 4K3


HIGHLIGHTS

  • 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,

OVERVIEW

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. (30378673)

FOR SALE DETAILS

PRICE

$1,250,000 CAD

PRICE/SF

$208 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

0.72± acres with 2 buildings

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

COR3

APN/PARCEL ID

003-987-884

ASK ABOUT THIS PROPERTY

Lee RobinsonRoyal LePage Nanaimo RealtyMore Info
250-327-8988

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Lee RobinsonRoyal LePage Nanaimo RealtyMore Info
250-327-8988

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.