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75-77 Commercial St
Na Old City V9R 5G9

$950,000
Commercial Sale built: 1913

Main Photo: 75-77 Commercial St in : Na Old City Mixed Use for sale (Nanaimo)  : MLS®# 881379
Photo 1: 75-77 Commercial St in : Na Old City Mixed Use for sale (Nanaimo)  : MLS®# 881379
Photo 2: 75-77 Commercial St in : Na Old City Mixed Use for sale (Nanaimo)  : MLS®# 881379
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Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
881379
Year Built:
1913
Beautifully maintained building in the heart of Nanaimo's charming downtown core offering over a 5% CAP rate directly opposite the conference centre with ample parking and high visibility onto both Commercial St & Terminal Ave. The building is 3055sqft with a long term investment firm on the main floor with high quality finishings, 2 bathrooms, bright front window, street front and rear access. The upper level offers 3 separate entrances comprised of a bright, welcoming common area with skylight, large picture windows, full bathroom with shower, multiple offices & a large, sunny deck facing Terminal Ave & views of Mt. Benson creating a lovely outdoor space. The upper is leased to a quality, well established 10yr lease tenant commencing Sept.1,2021. DT1 zoning permits multiple uses including office, retail, private club, pub, shared work space, studio or live/work space. Viewings by appt only. Please refer to DT1 zoning for all permitted use & potential expansion of the building.
Property Type:
Commercial Sale
Type:
Mixed Use
Commercial Type:
Building, Land
Year built:
1913 (Age: 108)
Lease Type:
Sale Price
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Na Old City, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
3,484.8 sq. ft.
Taxes:
Building Features:
Bike Storage, Fire Alarm, Fire Sprinklers, High Traffic Area, Kitchen/Staff Room, Security System, Shopping Nearby, Transit Nearby, Visual Exposure, See Remarks
Construction:
Frame Wood
New Construction:
No
Foundation:
Slab
Electricity:
Yes
Number of Storeys:
2
Ceiling Heights:
Floor finish:
Mixed
Total Building Area:
3,055 sq. ft.
Leasable Area:
3,055 sq. ft.
Commercial Area:
Subdivisable Area:
Yes
Subdivisable Area Max:
3,055 sq. ft.
Subdivisable Area Min:
80 sq. ft.
Water supply:
Municipal, To Lot
Sewer:
Sewer Connected
Cooling:
Air Conditioning, HVAC
Heating:
Heat Pump, Natural Gas
Fireplace:
No
Pending Date:
Fixtures, Real Estate
Equip/Machinery, Leasehold Improvements
Awning(s), Balcony/Deck, Display Window, Low Maintenance Yard, Security System, Sign: Allowed, Sprinkler System, Storefront, See Remarks
City, Mountain(s)
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Nanaimo
Legal Description:
Zoning:
DT1
Units in Building:
Units in Community:
Other Equipment:
Security System
Occupancy:
Tenant
Property Condition:
Updated/Remodeled
Utilities:
Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected
Lot Site Features:
Central Location, Level, Marina Nearby, Near Golf Course, Recreation Nearby, Rectangular Lot, Serviced, Shopping Nearby, Sidewalk
Parking Features:
On Site
Total Parking Spaces:
2
Road Frontage Type:
Highway, Street
Road Surface Type:
Paved
Total Units:
Date Listed:
Jul 06, 2021
Original Price:
950000.0
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Virtual Tour

Listed by Royal LePage Coast Capital - Westshore and Royal LePage Coast Capital - Chatterton
Data was last updated August 5, 2021 at 04:05 PM (UTC)
Area Statistics
Listings on market:
25
Avg list price:
$849,000
Min list price:
$69,900
Max list price:
$9,300,000
Avg days on market:
114
Min days on market:
30
Max days on market:
693
These statistics are generated based on the current listing's property type and located in Na Old City. Average values are derived using median calculations.
CHERYL BARNES
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.