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Dylon Paul

dylon@dylonpaul.ca +1(250) 650-9019

Listed by Sara Barton Royal LePage Nanaimo Realty (NanIsHwyN)

$ 1,150,000

Est. payment -/mo

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Active

1045 Terminal Ave Nanaimo, BC V9S 4K3

4,447 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 4,447 sqft

Price per Sqft $258

MLS Listing ID 1041535

HOA Y/N No

Annual Tax Amount $25,023

Tax Year 2025

Lot Size 0.720 Acres

Acres 0.72

Property Sub-Type Mixed Use

Property Description

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.

Location

Province BC

County Nanaimo, City Of

Community Na Central Nanaimo

Area Nanaimo

Zoning COR3

Interior

Fireplace No

Exterior

Parking Features On Site

Garage Spaces 35.0

View Y/N No

Total Parking Spaces 35

Garage No

Building

Lot Description Central Location, Easy Access, Level, Shopping Nearby, Sidewalk

Sewer Sewer Connected

Water Municipal

Others

Ownership Freehold

Acceptable Financing Must Be Paid Off

Listing Terms Must Be Paid Off

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.

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