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1045 Terminal Av N
Nanaimo, BC V9S 4K3
Redevelopment Opportunity 0.72 acres · Land For Sale
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0.72 AC
Investment Highlights
- High exposure corner property
- Zoned COR3, this flexible designation supports a wide range of commercial uses
Executive Summary
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
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | Commercial |
| Property Type | Land | Total Lot Size | 0.72 AC |
| Zoning | CCOR3 - Community Corridor | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.72 AC |
| Zoning | CCOR3 - Community Corridor |
1 Lot Available
Lot
| Price | $1,250,000 CAD | Lot Size | 0.72 AC |
| Price Per AC | $1,736,111.11 CAD |
| Price | $1,250,000 CAD |
| Price Per AC | $1,736,111.11 CAD |
| Lot Size | 0.72 AC |
High exposure corner property comprising 0.72± acres with two buildings in a prime main street location
Description
This 0.72-acre commercial land parcel occupies a high-exposure corner along a major Nanaimo thoroughfare, offering strong visibility and accessibility. Zoned COR3, the site supports a wide range of commercial uses and includes two existing buildings, one vacant and one leased to a long-term tenant. Positioned near established retail centers, the property provides redevelopment potential with existing income in place.
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