Offered far below assessed value at $2,753,000 asking $1,999,900. Perfect for the self-user to make this your own space and have additional rental units. It is located in the heart of Nanaimo's industrial area, offering approximately an 18,964 sft building on two floors, 12 units can be opened to make it larger. Only minutes to the Ferry, shopping all major Hwys. Zoned I1 Highway Industrial IE: uses Retail, Mechanical, Manufacturing, Boat, Storage, and Sales Services, etc. The property faces Wilgress and borders the highway with great exposure for those who want free marketing. The building was built in 1976 , needs some updating, concrete block with 12 ft ceilings, has had a few updates. Currently, out of the 12 units three units are occupied on month-to-month leases. Large lot 22,651 sft and is located at the end of the street offering some privacy yet great exposure, great opportunity, Call for further info.
Property Type:
Commercial Sale
Type:
Industrial
Commercial Type:
Building
Year built:
1976
(Age: 49)
Lease Type:
Sale of Assets
Listing General Location:
Na Diver Lake, Nanaimo
Bathrooms:
-
(Full:-/Half:-)
Lot Size:
0.52 acre(s)0.21 hectare(s)
Taxes:
$50,166 /
2023
Construction:
Block, Concrete
Foundation:
Slab
Number of Storeys:
2
Ceiling Heights:
12'3.66 m
Door Features:
Warehouse Doors: 2
Leasable Area:
18,928 sq. ft.1,758 m2
Commercial Area:
Downtown
Subdivisable Area:
Yes
Subdivisable Area Min:
800 sq. ft.74.3 m2
Water supply:
Municipal
Sewer:
Sewer Connected
Heating:
Electric, Hot Water
Fireplace:
No
Pending Date:
Dec 28, 2024
Date Sold:
Feb 28, 2025
Balcony
Main Level
0
Yes
No
Unrestricted
Assessed:
2753000.0
Assessment year:
2024
Jurisdiction name:
City of Nanaimo
Legal Description:
Lot 2, Plan VIP12433, Section 18, Range 8, Mountain Land District