Nanaimo, City of, V9R 5C8

324 Terminal Ave

860091

MLS® Number

3,020 SqFt

Lot Size

$950,000

Listing by RE/MAX Of Nanaimo

Listing information last updated: Tue Apr 13 2021 17:50:05 GMT+0000 (Coordinated Universal Time)

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)

Full Address

324 Terminal Ave, Nanaimo BC V9R 5C8

MLS® Number

860091

Status

Active

Listing Price

$950,000

Property Type

Commercial Sale

Property Subtype

Business

Year Built

1974

Days on Market

124 Days

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MLS® Number

860091

Listing Price

$950,000

Status

Active

Property Type

Commercial Sale

Lot Size SqFt

3,020 SqFt

Lot Size Acres

0.07 Acres

Year Built

1974

Days on Market

124 Days

Tax Annual Amount

$12,970.17

Tax Year

2020

Full Address

324 Terminal Ave, Nanaimo BC V9R 5C8

City

Nanaimo

Postal Code

V9R 5C8

District

Nanaimo, City of

Zoning

DT4

MLS Area Major

Nanaimo

MLS Area Minor

Na Old City

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