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Listed by Kristie Haz eXp Realty (NA)
$ 1,195,000
Est. payment | /mo
3,092 SqFt
$ 1,195,000
Est. payment | /mo
3,092 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,092 sqft
Price per Sqft $386
MLS Listing ID 1044373
HOA Y/N No
Annual Tax Amount $24,332
Tax Year 2025
Lot Size 0.340 Acres
Acres 0.34
Property Sub-Type Mixed Use
Property Description
SELLER MOTIVATED. Rare opportunity to acquire 2 contiguous parcels w/ over 15,000 sqft in Downtown Nanaimo with highly sought-after DT5 zoning, allowing for mixed-use and higher-density development. Offering a combination of immediate usability and long-term redevelopment potential, the property is improved with a 3,092 sq ft building featuring a restaurant-ready commercial layout complete with commercial kitchen infrastructure, multiple washrooms and lower-level office/storage space. Recent capital improvements include a new torch-on roof and interior remediation, providing a solid foundation for immediate occupancy, leasing or holding income. An adjoining parcel currently provides on-site parking while offering future expansion or redevelopment flexibility. Positioned in Nanaimo's downtown core, steps from the waterfront, transit and amenities. Opportunity for developers, investors, restaurateurs, medical or professional users. The seller is motivated and welcomes serious offers.
Location
Province BC
County Nanaimo, City Of
Community Na Old City
Area Nanaimo
Zoning DT5
Interior
Cooling Partial
Fireplace No
Exterior
Parking Features On Site
View Y/N Yes
View Other
Garage No
Building
Lot Description Cleared
Sewer Sewer To Lot
Water Municipal
Others
Ownership Freehold
Acceptable Financing Purchaser To Finance
Listing Terms Purchaser To Finance