$1,250,000
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1045 Terminal Ave N, Nanaimo

Nanaimo, BC V9S 4K3
MLS® 1025841
11
Days on Market

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.

Property Details

Property Type Commercial Sale
Property Sub Type Mixed Use
Listing ID 1025841
Status Active
City Nanaimo
Area Nanaimo
Sub-Area Na Central Nanaimo
Postal Code V9S 4K3
Property Taxes $25,023.00 (2025)
Parking Total 35
Zoning COR3
Water Municipal
Sewer Sewer Connected
Listed Date Feb 11, 2026
Ownership Freehold
Lot Size 0.72 acres

Building Details

Stories -1
Exterior Size 4447 sqft

Additional Information

Features Central location, Level lot, Other
Land Size 0.72 ac
Land Access Road access
Building Type Commercial Mix
Transaction For sale

Location