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324 TERMINAL AVE
Z4 Old City NANAIMO V9R 5C8

$880,000
Building And Land

Main Photo: 324 TERMINAL AVE in NANAIMO: Z4 Old City Building And Land for sale (Zone 4 - Nanaimo)  : MLS®# 468589
Photo 1: 324 TERMINAL AVE in NANAIMO: Z4 Old City Building And Land for sale (Zone 4 - Nanaimo)  : MLS®# 468589
Photo 2: 324 TERMINAL AVE in NANAIMO: Z4 Old City Building And Land for sale (Zone 4 - Nanaimo)  : MLS®# 468589
Photo 3: 324 TERMINAL AVE in NANAIMO: Z4 Old City Building And Land for sale (Zone 4 - Nanaimo)  : MLS®# 468589
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Photo 21: 324 TERMINAL AVE in NANAIMO: Z4 Old City Building And Land for sale (Zone 4 - Nanaimo)  : MLS®# 468589
Photo 22: 324 TERMINAL AVE in NANAIMO: Z4 Old City Building And Land for sale (Zone 4 - Nanaimo)  : MLS®# 468589
Photo 23: 324 TERMINAL AVE in NANAIMO: Z4 Old City Building And Land for sale (Zone 4 - Nanaimo)  : MLS®# 468589
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Photo 28: 324 TERMINAL AVE in NANAIMO: Z4 Old City Building And Land for sale (Zone 4 - Nanaimo)  : MLS®# 468589
Photo 29: 324 TERMINAL AVE in NANAIMO: Z4 Old City Building And Land for sale (Zone 4 - Nanaimo)  : MLS®# 468589
Photo 30: 324 TERMINAL AVE in NANAIMO: Z4 Old City Building And Land for sale (Zone 4 - Nanaimo)  : MLS®# 468589
Photo 31: 324 TERMINAL AVE in NANAIMO: Z4 Old City Building And Land for sale (Zone 4 - Nanaimo)  : MLS®# 468589
Status:
Active
Prop. Type:
Building And Land
MLS® Num:
468589
Bus Major:
Commercial
Over $300,000 in recent renovations: High end office building renovations ready for your buyer with built in lease income. Built for one of Nanaimo top web companies, 324 Terminal Ave boasts 7,928 sq ft (6,747 leasable) with 3 separate office spaces for maximum flexibility. 2 floors (2nd and 3rd) are fully leased at average $12 sq ft + operating costs with the 1st floor still available for lease or for your new buyers to move right into. Over $300,000 in renovations were done for the previous tenant and include full wiring (previous tenant was a web/software company) advanced security system (including camera monitoring) brand new H VAC systems (heat and cooling pumps on all floors each independent) 3 separate completely renovated spaces. This property supports rent of over $80,000+ triple net using a potential average of $12 per sq ft. Do the cap rate calculations on this property and you will see this is one of the best investment properties available in Nanaimo. Additional revenue available from billboard rental to increase value to purchaser even further. Contact Carly Carey for more details and to arrange a showing.
Total Floor Area:
7,928 sq. ft.
Lot Size:
0.07 acre(s)
Lot Shape:
Lease Operational Costs per Sq Ft:
Unit Rentable Area:
Property Type:
Building And Land
Title:
Freehold
Major Business Type:
Commercial
Business Name:
Multi-Family Type:
Industrial Type:
Restrictions:
Land And Services:
Date Listed:
Previous Price:
Original Price:
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Larger map options:
Listed by RE/MAX Of Nanaimo
Data was last updated June 5, 2020 at 11:10 AM (UTC)
Area Statistics
Listings on market:
37
Avg list price:
$1,525,000
Min list price:
$369,900
Max list price:
$6,950,000
Avg days on market:
119
Min days on market:
3
Max days on market:
445
Avg price per sq.ft.:
$251.52
These statistics are generated based on the current listing's property type and located in Zone 4 - Nanaimo. Average values are derived using median calculations.
WIN MYINT
SANDY LIU