2236 Mcgarrigle Rd - Industrial LAND FOR SALE


Nanaimo, BC V9S 4M6 43,560 SF
$1,920,000 CAD
2236 Mcgarrigle Rd, Nanaimo, BC for Sale
$1,920,000 CAD
Industrial LAND - FOR SALE
1/5
43,560 SF

2236 Mcgarrigle Rd
Nanaimo, BC V9S 4M6


HIGHLIGHTS

  • Sale-leaseback opportunity with a long-standing, established tenant.
  • 1-acre I-2 zoned lot with dual frontage — McGarrigle & Northfield Rd.
  • Multiple income streams — primary lease plus rear yard parking tenants.

OVERVIEW

2236 McGarrigle Road presents a rare sale-leaseback investment opportunity in Nanaimo, BC. The offering is comprised of a single 1-acre legal title, zoned I-2 (Light Industrial), with dual road frontage on McGarrigle Road and Northfield Road providing direct access to Highway 19A and the Nanaimo Parkway. The site improvements include a 3,000 SF freestanding building with 12' ceiling clearance, a 276 SF rear carport, and a 1,186 SF paved front yard suitable for parking. A fenced and graded rear yard is currently leased as parking to two additional tenants, providing supplementary income alongside the primary lease. Current zoning permits subdivision into two lots, offering a purchaser additional long-term flexibility. The property has operated as a dry cleaning business since the 1960s, with current ownership in place since 2005. The seller is proposing a 5-year triple net (NNN) leaseback at closing (length negotiable), providing a purchaser with immediate, stable in-place income backed by decades of continuous operating history at this location. Purchase of the business itself in addition to the land is also negotiable. This offering represents an attractive opportunity for an investor seeking an income-producing industrial asset with embedded redevelopment potential in a growing Vancouver Island market.

FOR SALE DETAILS

PRICE

$1,920,000 CAD

PRICE/ACRE

$1,920,000/AC

PRICE/SF

$44 CAD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Industrial

LAND PROPOSED USE

-

LAND ACRES

1 AC

LAND SF

43,560 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Telephone

ZONING

I-2 (Light Industrial)

APN/PARCEL ID

002745933

ASK ABOUT THIS PROPERTY

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