1045 Terminal Ave N, NANAIMO

2026-02-12
 

Quick Summary

Location
1045 Terminal Ave N, NANAIMO, British Columbia V9S4K3
Price
$1,250,000 CAD
Status:
For Sale
Property Type:
Other

MLS®#1025841

Property Description

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. (id:32467)

Property Features

Building

  • Fireplace: No
  • Building Type: Commercial Mix

Features

  • Feature: Central location, Level lot, Other

Land

  • Land Size: 0.72 ac

Ownership

  • Type: Freehold

Zoning

  • Description: COR3

Information entered by Royal LePage Nanaimo Realty (NanIsHwyN)
Listing information last updated on: 2026-02-12 19:42:59


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Your One Percent Realty Commission savings

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Savings calculated using One Percent Realty's posted commission rates compared to another agent charging 7% on the first 100k & 2.5% on the balance + GST. Not all agents charge the same. Savings shown are illustrative only. Actual commission costs depend on the commission structure negotiated with your agent.

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