Multi-tenant commercial investment property situated on approximately 1.30 acres, improved with a 15,110 sq.ft. building fully leased to four tenants. The property provides stable in-place income, with the majority of leases structured as Net leases, allowing for recovery of operating costs. Ample on-site parking is available for tenants and customers, with convenient access to surrounding residential neighbourhoods and established commercial services within Nanaimo. The site includes approximately 0.59 acres of surplus land based on current parking requirements, offering potential for future expansion or redevelopment. This property presents an opportunity for investors seeking steady income with potential for future growth. Financial package available on completion of a Confidentiality Agreement.
Property Type:
Commercial Sale
Type:
Mixed Use
Commercial Type:
Building, Land
Year built:
1960
(Age: 66)
Lease Type:
Sale Price
Listing General Location:
Na Central Nanaimo, Nanaimo
Bathrooms:
-
(Full:-/Half:-)
Lot Size:
1.3 acre(s)0.53 hectare(s)
Taxes:
$70,588 /
2025
Number of Storeys:
1
Total Building Area:
15,110 sq. ft.1,404 m2
Leasable Area:
15,110 sq. ft.1,404 m2
Commercial Area:
Not Applicable
Subdivisable Area:
Yes
Fireplace:
No
Sign: Allowed
Main Level
0
Yes
No
Unrestricted
Assessed:
3464000.0
Assessment year:
2026
Jurisdiction name:
City of Nanaimo
Legal Description:
Lot 9, Section 1, Nanaimo District, and of Suburban Lots 22 and 23, Newcastle Townsite, Section 1, Nanaimo
District, Plan 14280