615 Townsite Rd

About this home

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:66966)

Details

Type

Other

Size

15110 sq ft

Property tax

$70,588

Neighbourhood

Central Nanaimo

Municipality

Nanaimo

Interior

Fireplace

No

Building and exterior

Year built

1960

Building area

15,110 square feet

Location

Location is approximate. See nearby homes on the map