615 Townsite Rd

Key facts

• Property type: Other
• Structure: Commercial Mix
• Transaction: For Sale
• Price: $3,550,000
• Interior size: 15,110 sqft
• Lot size: 1.3
• Year built: 1960
• Listing key: 29634539

Listing overview

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. 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:25314)