An outstanding investment opportunity in the heart of one of Nanaimo's most active commercial corridors. This fully tenanted, mixed use property offers a solid return and long-term potential with COR2 (Mixed-Use Corridor) zoning, allowing for a wide range of commercial and residential uses, as well as future redevelopment. The building features two well-maintained residential suites on the upper floor and a ground-floor commercial space, all currently rented to quality tenants. This turn-key income producing property is ideal for investors seeking reliable cash flow and value appreciation over time. Property Features: -COR2 zoning with redevelopment flexibility -Two fully leased residential units -Tenanted commercial space with street level access -Great curb appeal and professional maintenance -Ample off-street parking -High traffic exposure and central location With its strategic location, stable income, and future development upside, 1000 Terminal Ave is a rare offering in todays market. Whether you're looking to expand your investment portfolio, secure high-performing asset, or take advantage of the generous zoning, this property offers it all. Own the land. Own the building. Unlock the potential. Contact Charles today! (id:60626)
| MLS® Number | 1007883 |
| Property Type | Other |
| Neigbourhood | South Nanaimo |
| Features | Central Location, Curb & Gutter, Level Lot, Other, Marine Oriented |
| Parking Space Total | 10 |
| Plan | Vip73988 |
| Cooling Type | Air Conditioned |
| Fire Protection | Fire Alarm System, Sprinkler System-fire |
| Heating Fuel | Electric |
| Heating Type | Heat Pump |
| Size Exterior | 3406.73 Sqft |
| Type | Commercial Mix |
| Acreage | No |
| Size Irregular | 5167 |
| Size Total | 5167 Sqft |
| Size Total Text | 5167 Sqft |
| Zoning Type | Unknown |
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