NAI Commercial Central Vancouver Island

250-753-5757 | 800-769-5757 |

COURT ORDERED SALE | Redevelopment Property | Nanaimo

$545,000.00
135 Prideaux Street
Nanaimo, BC V9R 2M8

Court Ordered Sale

The Opportunity

· Located in the center of Nanaimo on the edge of the downtown core and the Old City Quarter.

· Four separate lots for a total land area of 20,855 square feet.

· The building is 11,428 square feet - an older warehouse constructed in two sections.

Location

The property is located in the center of Nanaimo B.C. on the edge of the downtown commercial core and the Old City Quarter. The immediate area is comprised of older single family homes and a number of small services and retail operations. All recent construction in the area has been multi-family residential use or conversion of older homes to office use.

Property & Improvements

The existing building is 11,428 square feet in area situated across four separate lots for a total land area of 20,855 square feet (.48 acre).  The building is an older warehouse building constructed in two sections. The front section is the original wood frame warehouse. The rear section is an adjoining concrete-block warehouse.

The current use of the building is as a “storage/ warehouse”. The current use may be continued as a non-conforming use of the property.

The buildings likely have limited physical life, making this an ideal redevelopment property.

Zoning

This Old City area is zoned Downtown  (DT8), allowing for redevelopment with mixed-use buildings of up to three storeys.  Buildings are to be designed with commercial on the ground floor (if any) with residential above.

Future development of the property will likely include multi-family residential or a mixed use development with small-scale retail or services on the ground floor.

Visit the City of Nanaimo website for specific permitted uses.

Please contact listing broker for more information.
 

Randall Taylor
rtaylor@naicommercial.ca
250.714.4248 (Mobile)
250.753.5757 x34 (Direct)

 

Listing by: