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    324 Terminal Ave

    Nanaimo, BC V9R 5C8
    • $950,000
    • STATUS: Active
    • ON SITE: 20 days
    • MLS #: 860091
    UPDATED: 181 min ago
    $950,000
    • 0
      BEDS
    • 0.07
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighbourhood:
    Type:
    Business Opportunity
    Built:
    1974
    Area:

    Description

    Fully leased commercial building with near 8% CAP Rate. 324 Terminal Ave is now fully leased with its longest term tenant renewing for an additional term through 2023. Beautifully renovated office building is in the heart of downtown Nanaimo, right beside the largest customer parkade with stairs access to all shops & restaurants in the Commercial St corridor. The owner purchased this building for his own use for a web development company & the renovations were done to the highest standard by Bob Wall Contracting. It has NEW HVAC for all 3 units and is fully wired for the tech needs or any company. Out of town visitors to our clients can walk to the building in less than 5 minutes from the seaplane. You cannot beat this location! Since it is downtown Nanaimo, ensuring you have environmental surveys done is important. The owner has already purchased both phase 1 & 2 environmental surveys and can provide them to interested parties (this is an added value of over $50k)

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    http://www.vreb.org/vreb/VREBReciprocityProgram.html

    MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Day Team Realty. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license. Data last updated: 2020-12-01T00:22:00.877.
    www.dayteam.com/homes/111759558
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    324 Terminal Ave Nanaimo, BC V9R 5C8

    • Price: $950,000
    • Status: Active
    • Updated: 181 min ago
    • MLS #: 860091
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.07
    Acres
    1974
    Built
    Neighbourhood:
    Na Old City
    Area:
    Nanaimo
    School District:
    Nanaimo, City Of
    Property Description
    Fully leased commercial building with near 8% CAP Rate. 324 Terminal Ave is now fully leased with its longest term tenant renewing for an additional term through 2023. Beautifully renovated office building is in the heart of downtown Nanaimo, right beside the largest customer parkade with stairs access to all shops & restaurants in the Commercial St corridor. The owner purchased this building for his own use for a web development company & the renovations were done to the highest standard by Bob Wall Contracting. It has NEW HVAC for all 3 units and is fully wired for the tech needs or any company. Out of town visitors to our clients can walk to the building in less than 5 minutes from the seaplane. You cannot beat this location! Since it is downtown Nanaimo, ensuring you have environmental surveys done is important. The owner has already purchased both phase 1 & 2 environmental surveys and can provide them to interested parties (this is an added value of over $50k)
    Exterior Features

    Construction Materials Frame Wood Entry Location Main Level View YN No Waterfront YN No

    Interior Features

    Fireplace YN No Flooring Carpet Foundation Details Slab Heating YN No

    Property Features

    Building Features BasementFire AlarmFire SprinklersHigh Traffic AreaKitchen/Staff RoomLeasehold ImprovementsSecurity SystemShopping NearbyStorage RoomTransit NearbyVisual Exposure New Construction YN No Ownership Freehold Pets Allowed Yes Property Condition Updated/Remodeled Property Sub Type Business Rental Allowed Unrestricted Restrictions Easement/Right Of Way Sewer Sewer To Lot Tax Annual Amount 12970.17 Tax Jurisdiction City Of Nanaimo Tax Year 2020 Water Source Municipal Youngest Age Allowed 0 Zoning Dt4

    Listing provided courtesy of Re/Max Of Nanaimo and [CO-OFFICENAME].

    MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.
    http://www.vreb.org/vreb/VREBReciprocityProgram.html

    MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Day Team Realty. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license. Data last updated: 2020-12-01T00:22:00.877.
     
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    Day Team Realty
    301-3450 Uptown Blvd
    Victoria BC, V8Z 0B9