130 Terminal Av N - Retail FOR SALE
Nanaimo, BC V9S 4J3 |
$2,900,000 CAD
778-762-4336
130 Terminal Av N
Nanaimo, BC V9S 4J3
HIGHLIGHTS
- High-exposure corner site along Terminal Avenue North (Highway 19A), carrying approximately 16,700 VPD and connecting Terminal Park Mall.
- The Subject Property comprises two purpose-built freestanding buildings on a single 34,854 SF lot, including a rarely available drive-thru.
- Building 1 is currently used by the Salvation Army for kitchen and meal prep and becomes available 01-Jun-2026 on an as-is basis.
- Building 2 operates as an active QSR drive-thru under a lease expiring September 30, 2029 that includes a one-year demolition clause.
- BC Ferries Departure Bay Terminal is five minutes from the Subject Property, serving tens of thousands of passengers annually.
- Zoned COR3 Community Corridor under City of Nanaimo Bylaw No. 4500, the property carries a site-specific approval for fast food restaurant use.
OVERVIEW
130 Terminal Avenue North (the "Subject Property") is an owner-occupier opportunity on a high-exposure corner site fronting Highway 19A in Nanaimo. The Subject Property comprises two freestanding buildings totalling 6,967 SF on a 34,854 SF lot, offering vacant possession of the larger building on June 1, 2026 alongside interim income from the second.
FOR SALE DETAILS
PRICE
$2,900,000 CAD
PRICE/SF
$416 CAD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment Or Owner User
BUILDING DETAILS
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1964
SPRINKLERS
-
PARKING SPACES
53
LAND DETAILS
LAND ACRES
0.8 AC
LAND SF
34,848 SF
ZONING
COR3
APN/PARCEL ID
003 380 581,008 805 601
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778-762-4336
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778-762-4336
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