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130 Terminal Av N 6,967 SF 100% Leased Retail Building Nanaimo, BC V9S 4J3 $2,900,000 CAD ($416.25 CAD/SF)
Investment Highlights
- High-exposure corner site along Terminal Avenue North (Highway 19A), carrying approximately 16,700 VPD and connecting Terminal Park Mall.
- Building 1 is currently used by the Salvation Army for kitchen and meal prep and becomes available 01-Jun-2026 on an as-is basis.
- BC Ferries Departure Bay Terminal is five minutes from the Subject Property, serving tens of thousands of passengers annually.
- The Subject Property comprises two purpose-built freestanding buildings on a single 34,854 SF lot, including a rarely available drive-thru.
- Building 2 operates as an active QSR drive-thru under a lease expiring September 30, 2029 that includes a one-year demolition clause.
- Zoned COR3 Community Corridor under City of Nanaimo Bylaw No. 4500, the property carries a site-specific approval for fast food restaurant use.
Executive Summary
130 Terminal Avenue North (the "Subject Property") is an owner-occupier opportunity on a high-exposure corner site fronting Highway 19A in Nanaimo. The Subject Property comprises two freestanding buildings totalling 6,967 SF on a 34,854 SF lot, offering vacant possession of the larger building on June 1, 2026 alongside interim income from the second.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
6,967 SF
Year Built/Renovated
1964/1969
Price
$2,900,000 CAD
Price Per SF
$416.25 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
0.80 AC
Zoning
COR3 - Community Corridor
Parking
53 Spaces (7.61 Spaces per 1,000 SF Leased)
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
Nearby Major Retailers
1 of 9
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130 Terminal Av N
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