One Percent Realty Ltd.
DOWNTOWN NANAIMO
- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 926721
- Year Built:
- 1956
- Photos (16)
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An exceptional opportunity awaits an owner-occupier or investor with this prime property located in Nanaimo's bustling business core. Boasting a functional ground level that is currently utilized as a Volvo auto repair center, the property's upstairs area has great potential for redevelopment into a work-live space, office space, or an alternative use to maximize the income potential under the current zoning. Furthermore, a purchase option for the operating business (Volvo service and repair) is available for an additional $100,000 (as an Asset Sale that includes existing inventory), with terms negotiable with the seller. As the neighborhood is optimal for redevelopment, sophisticated investors can anticipate future upside potential. The current owner will provide vacant possession. All sizes approximated and subject to verification by the prospective buyer.
- Property Type:
- Commercial Sale
- Type:
- Mixed Use
- Commercial Type:
- Building, Land
- Year built:
- 1956 (Age: 67)
- Lease Type:
- Sale of Assets
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
- Signup
- Listing General Location:
- Na Old City, Nanaimo
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 4,356.03 sq. ft.
- Lot Details:
- 66 x 66
- Taxes:
- Signup
- Building Features:
- High Traffic Area, Loading Bay(s), Parking, Shopping Nearby, Transit Nearby, Visual Exposure, Workshop
- Construction:
- Block, Concrete, Stucco
- Foundation:
- Slab
- Electricity:
- Yes
- Number of Storeys:
- 2
- Ceiling Heights:
- Signup
- Door Features:
- Warehouse Doors: 3
- Floor finish:
- Concrete, Other
- Total Building Area:
- 4,475 sq. ft.
- Commercial Area:
- Signup
- Water supply:
- Municipal
- Sewer:
- Sewer Connected
- Cooling:
- None
- Heating:
- Electric, Natural Gas
- Fireplace:
- No
- Pending Date:
- Signup
- Trade Name(s), See Remarks
- Display Window, Fenced, Lighting, Low Maintenance Yard, Sign: Allowed, Storefront
- City
- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
- Signup
- Assessed:
- Signup
- Assessment year:
- Signup
- Approximate Inventory Value:
- Signup
- Fixed Equipment Approx. Value:
- Signup
- Goodwill Approx. Value:
- Signup
- Gross Income:
- Signup
- Net Operating Income:
- Signup
- Association Fee:
- Signup
- Association Fee Frequency:
- Signup
- Units in Building:
- Signup
- Units in Community:
- Signup
- Other Equipment:
- Other Improvements
- Occupancy:
- Owner
- Utilities:
- Electricity Connected, Natural Gas Connected, Phone Connected
- Lot Site Features:
- Central Location, Cleared, Cul-De-Sac, Easy Access, Level, Serviced, Shopping Nearby, Sidewalk
- Parking Features:
- On Site
- Road Surface Type:
- Paved
- Total Units:
- Signup
- Date Listed:
- Mar 21, 2023
- Original Price:
- 995000.0
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Virtual Tour
Listed by Coldwell Banker Oceanside Real Estate
Data was last updated May 29, 2023 at 10:05 PM (UTC)
Area Statistics
- Listings on market:
- 28
- Avg list price:
- $992,500
- Min list price:
- $79,500
- Max list price:
- $4,980,000
- Avg days on market:
- 77
- Min days on market:
- 18
- Max days on market:
- 467
These statistics are generated based on the current listing's property type
and located in
Na Old City. Average values are
derived using median calculations.
- KARELYN CAMPBELL
- 921 CANADA AVE, DUNCAN, BC V9L 1V2
- 1 (250) 618-8213
- Contact by Email
Location
202 - 505 Hamilton St.
Vancouver, BC, V6B 2R1