324 Terminal Ave, Nanaimo, V9R 5C8

Commercial Sale - Business For Sale

$950,000


Beds
Baths
Sqft
.07Acres
1974Built
340DOM
MLS® #: 860091
Active, 340 Days on Market

Fully leased commercial building with near 8% CAP Rate. 324 Terminal Ave is now fully leased with its longest term tenant renewing for an additional term through 2023. Beautifully renovated office building is in the heart of downtown Nanaimo, right beside the largest customer parkade with stairs access to all shops & restaurants in the Commercial St corridor. The owner purchased this building for his own use for a web development company & the renovations were done to the highest standard by Bob Wall Contracting. It has NEW HVAC for all 3 units and is fully wired for the tech needs or any company. Out of town visitors to our clients can walk to the building in less than 5 minutes from the seaplane. You cannot beat this location! Since it is downtown Nanaimo, ensuring you have environmental surveys done is important. The owner has already purchased both phase 1 & 2 environmental surveys and can provide them to interested parties (this is an added value of over $50k)

Essential Information

MLS® #: 860091
Price: $950,000
Bathrooms: 0.00
Acres: 0.07
Year Built: 1974
Type: Commercial Sale
Sub-Type: Business
Status: Active

Community Information

Address: 324 Terminal Ave
City: Nanaimo
County: Nanaimo, City of
Province: BC
Postal Code: V9R 5C8

Interior

# of Stories: 3

Exterior

Construction: Frame Wood
Foundation: Slab

Additional Information

Days on Market: 340
Zoning: DT4

Listing Details

Listing Office: RE/MAX Of Nanaimo

VIREB IDX Reciprocity listings are displayed in accordance with VIREB's broker reciprocity Agreement and are copyright © the Vancouver Island Real Estate Board. The above information is from sources deemed reliable but it should not be relied upon without independent verification.