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83-87 Commercial St 5,790 SF 100% Leased Retail Building Nanaimo, BC V9R 5G3 $1,699,000 CAD ($293.44 CAD/SF)
Investment Highlights
- Prominently located on Nanaimo’s historic Commercial Street in the heart of the downtown core.
- Convenient rear access and parking via Terminal Avenue, enhancing tenant and visitor accessibility.
- Mixed-use building featuring two ground-floor commercial units and four professional office spaces on the second floor.
- Well-maintained property with a newer roof installed around 2017, reducing future maintenance costs.
Executive Summary
Prominently located on Nanaimo’s historic Commercial Street, the Rogers Block is a well-known mixed-use building in the heart of the downtown core. The ground floor features two commercial units well suited for retail or service businesses, while the second floor offers four professional office spaces ideal for a variety of professional users seeking a central, high-visibility location. A convenient ground-level storage area adds additional functionality for tenants. Access and parking are available from 340 Terminal Avenue, improving overall accessibility for both tenants and visitors. The building also benefits from a newer roof installed around 2017, helping reduce future maintenance costs. With strong demand for downtown space and consistently high occupancy, the Rogers Block represents an excellent investment opportunity in one of Nanaimo’s most vibrant commercial districts.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,790 SF
Building Class
C
Year Built
1913
Price
$1,699,000 CAD
Price Per SF
$293.44 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.72
Lot Size
0.18 AC
Zoning
DT1 - Downtown
Exceptionally walkable
100/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
60/100
Nearby Major Retailers
1 of 2
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83-87 Commercial St
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