8,690 ft²Industrial$1,250,000Sale
8,690 ft²
Industrial
$1,250,000
Sale
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FOR SALE | Court Ordered Sale | Owner User/Investment Opportunity Opportunity to acquire a 100% freehold interest in a vacant, mixed-use (industrial with residential) property in a gentrifying neighbourhood less than 1.5 km from Downtown Nanaimo. This value-add opportunity is suitable for investors and users alike. Foundation: Poured Concrete Structure/Framing: Wood frame Ceilings: 16’ Exterior: Painted concrete and hardie board shingle Roof: Torch on Electrical: 800 amp main with subpanels Interior Layout: The 2-storey building has two 2-bedroom residential suites, and segmented warehouse. Each unit has its own access with 2 x 12’ roll up doors for the warehouse access.
The Space
Asking Price$1,250,000
Available Space8,690 ft²
Property UseIndustrial / Vacant or owner user
ZoningR-14 - Old City Low Density Residential
Bay Doors2
Power Amps800 A
Year Built1958
Ceiling Height16'0"
Parking Spaces3
Sale ConditionsCourt Ordered Sale
SourceDirect
The Building
The Property is situated along Pine Street, one block north of Fifth Street in the heart of the City of Nanaimo and only 1.5 km from Downtown. This dynamic neighbourhood is characterized by a mix of residential & commercial properties and is proximate to a diverse range of amenities, including grocery, drug & liquor stores, convenience retail, gas stations and parks, all within walking distance.
Property TypeIndustrial
Building Size8,690 ft²
Lot Size11,569 ft²
Up to $500K for British Columbia businesses
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