Court Ordered Sale
· Located in downtown Nanaimo’s office/retail/service zone
· Five contiguous lots providing a total area of 13,824 square feet
· The one storey 7,552 square feet building offers finished interior with open shop area
The property is located on the west side of Terminal Avenue (Trans Canada Highway), in the heart of downtown Nanaimo, B.C. Terminal Avenue bisects the downtown core and the Old City Quarter of the Nanaimo. The surrounding area is home to small retail, highway service and auto-motive services.
The land is comprised of five contiguous lots providing a total area of 13,824 square feet. The properties border both Terminal Avenue on the east and Fraser Street on the west. A portion of the building is situated behind the neighbouring building on Terminal Avenue and below the rise in Fraser Street.
The building covers portions of the five lots making this effectively one parcel of land.
The building is 7,552 square feet in area. This is a one storey, commercial service structure with some portion as finished interior and some open shop area. There has been ongoing and recent maintenance to the building which provide an estimated 30 years of remaining economic life.
The building is currently leased to a long-term tenant.
Zoning is Downtown (DT-4) which provides for mixed office and retail of three to six storeys intended to support the unique role of gate-way into the downtown core.
Visit the City of Nanaimo website for specific permitted uses.