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.
Address
1045 Terminal Ave N
List Price
$1,250,000
Property Type
Commercial Sale
Type of Dwelling
Mixed Use
Transaction Type
Sale
Area
Nanaimo
Sub-Area
Na Central Nanaimo
Lot Size
31446 Sq. Ft.
Lot Size (Acres)
0.72 Ac.
MLS® Number
1025841
Listing Brokerage
Royal LePage Nanaimo Realty (NanIsHwyN)
Postal Code
V9S 4K3
Tax Amount
$25,023.00
Tax Year
2025
Amenities
Central Location, Easy Access, Level, Shopping Nearby, Sidewalk