$950,000 · Beautifully maintained commercial building - Downtown Nanaimo city core

CM Oliver building - Beautifully maintained, upgraded building on 3300sqft lot in the heart of Nanaimo's charming downtown core zoned DT1 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 a lease in place to March 2023 with high quality finishings, 2 bathrooms, bright picture window, high visibility street frontage and private rear access. The upper level offers 3 separate private entrances comprised of a bright, welcoming common area with skylight, large picture windows at the front and rear, full bathroom with shower, multiple offices & a large, sunny deck facing Terminal Ave with views of Mt. Benson creating a lovely outdoor space. The upper is currently vacant & available for lease for $2000+NNN providing for multiple uses including office, retail, private club, pub, shared work space, studio or live/work space. Viewings of main level by appointment only. Upper can be viewed anytime. There is currently on accepted offer to lease pending tenant conditions to May 5th for a long term tenancy. When fully leased, the property will offer over a 5% CAP rate with room for increased revenue. The zoning bylaw permits increased coverage and height and offers multiple uses including office, hotel, multi-family, live/work, studio, private club, restaurant, neighbourhood pub, lodge, commercial school, assembly hall, entertainment, daycare, cultural facility, internet centre, personal care facility, pharmacy, brew pub, personal service use, theatre, production studio, financial services institution, and much more. Please refer to DT1 zoning for all permitted use & potential expansion of the building. Buyers must do their own due diligence with the municipality for permitted use. Please view the virtual tour on the enclosed link. Viewings by appointment only. Contact Sandy Clark PREC* of Royal LePage Coast Capital on 250-668-9878 for further details.