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83-87 Commercial St
Na Old City Nanaimo V9R 5G3

$1,700,000
Commercial Sale

Main Photo: 83-87 Commercial St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 953877
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Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
953877
Located on downtown Nanaimo's historic Commercial Street, the Rogers Block is a prominent mixed-use building. Its ground floor boasts two commercial units, perfect for retail or services. The second floor features four offices, ideal for professionals seeking a central location. Additionally, a ground floor storage area provides convenience. Access and parking are facilitated by 340 Terminal Avenue, enhancing accessibility. The building features a newer roof completed around 2017, ensuring durability and reduced maintenance costs. Given its prime location, the Rogers Block enjoys high occupancy and significant demand, making it an attractive investment opportunity in Nanaimo's bustling downtown core.
Property Type:
Commercial Sale
Type:
Mixed Use
Commercial Type:
Building, Land
Lease Type:
Sale of Assets
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Na Old City, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
8,036.056 sq. ft.
Taxes:
Building Features:
High Traffic Area, Shopping Nearby, Transit Nearby
Construction:
Frame Wood
New Construction:
No
Ceiling Heights:
Total Building Area:
5,790 sq. ft.
Commercial Area:
Cooling:
None
Heating:
Baseboard, Electric
Fireplace:
No
Pending Date:
Sign: Allowed, Storefront
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Nanaimo
Legal Description:
Units in Building:
Units in Community:
Occupancy:
Tenant
Property Condition:
Updated/Remodeled
Parking Features:
On Site
Total Units:
Date Listed:
Feb 16, 2024
Original Price:
1880000.0
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Listed by Royal LePage Nanaimo Realty (NanIsHwyN)
Data was last updated May 1, 2024 at 10:05 PM (UTC)
Area Statistics
Listings on market:
33
Avg list price:
$799,900
Min list price:
$49,500
Max list price:
$4,880,000
Avg days on market:
77
Min days on market:
5
Max days on market:
336
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.
JEFF MEYER
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.