300 Terminal Ave S Nanaimo, British Columbia V9R 5C8

$499,000

Investors Alert! Excellent opportunity to acquire a well-maintained downtown commercial revenue cashflow property. This is a 2-level building in the downtown core of Nanaimo, one of Canada's top-rated cities. Located on Terminal Avenue Island highway making this a strategic high traffic-count and good-visibility building with strong exposure and a central city core position adjacent to a large City operated underground covered Parkade for plenty of easy year round parking. The building provides approximately 3,600 sq. ft. over the two levels, each with multiple private separate entrances, handicapped bathrooms on main floor and bathrooms on upper second floor for excellent flexibility for investors or owner-occupiers wishing to max out their cashflow position. An owner could utilize part of the upper floor while maintaining rental income from the ground floor and remaining space(s). With steady income, long-term equity potential, and Nanaimo's continued downtown revitalization growth, this DT4-zoned building is attractively priced and represents one of the best-value commercial opportunities in the downtown core area for a ROI hold. Potential uses may include retail, offices, wholesale or service retail, medical, restaurant, studio, service, and other retail commercial applications (uses subject to city approvals). All measurements and permitted uses to be verified by the Buyer with the City of Nanaimo if deemed important. Vacant for quick possession and TouchBase notice for showings. (id:65196)

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https://www.realtor.ca/real-estate/29314084/300-terminal-ave-s-nanaimo-old-city