$4,100,000

Multi-tenant commercial investment property situated on approximately 1.30 acres, improved with a 15,110 sq.ft. building fully leased to four tenants. The property provides stable in-place income, with the majority of leases structured as Net leases, allowing for recovery of operating costs. Ample on-site parking is available for tenants and customers, with convenient access to surrounding residential neighbourhoods and established commercial services within Nanaimo. The site includes approximately 0.59 acres of surplus land based on current parking requirements, offering potential for future expansion or redevelopment (subject to municipal approvals). This property presents an opportunity for investors seeking steady income with potential for future growth. Financial package available on completion of a Confidentiality Agreement. (id:64343)

Business

Name	TOWNSITE PLAZA

Property Details

MLS® Number	1032811
Property Type	Other
Neigbourhood	Central Nanaimo

Building

Constructed Date	1960
Size Exterior	15110 Sqft
Type	Commercial Mix

Land

Acreage	Yes
Size Irregular	1.3
Size Total	1.3 Ac
Size Total Text	1.3 Ac
Zoning Description	Cc1
Zoning Type	Unknown

https://www.realtor.ca/real-estate/29634539/615-townsite-rd-nanaimo-central-nanaimo