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Commercial Sale

$1,250,000
1045 Terminal Ave, Nanaimo, BC

Address

1045 Terminal Ave, Nanaimo, BC

Price

$1,250,000

Property Description

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.

Interested in this property?

Contact Scott Parker Personal Real Estate Corporation for more information

(250) 751-1223
scott@scottparker.ca
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Property Details

MLS® Number: 1025841
Property Type: Commercial Sale
Property Subtype: Mixed Use
Status: Active
Lot Size: 0.72 acres
Area: Nanaimo - Na Central Nanaimo
Annual Tax: $25,023 (2025)
Days on Market: 74 days

Additional Property Details

Building Type: Commercial Mix

Property Features & Amenities

Features: Central location, Level lot, Other

Parking & Land Details

Parking Spaces: 35
Land Size: 0.72 ac
Land Access: Road access
Acreage: false

Landscape & Property Information

Irregular Land Size: 0.72
Ownership Type: Freehold
Transaction Type: For sale

MLS® Number

1025841

Property Photos

Property Location

1045 Terminal Ave, Nanaimo, BC

Listed by Royal LePage Nanaimo Realty (NanIsHwyN)

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