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Main Photo: 324 TERMINAL AVE in NANAIMO: Z4 Old City Building And Land for sale (Zone 4 - Nanaimo)  : MLS®# 461748
Photo 1: 324 TERMINAL AVE in NANAIMO: Z4 Old City Building And Land for sale (Zone 4 - Nanaimo)  : MLS®# 461748
Photo 2: 324 TERMINAL AVE in NANAIMO: Z4 Old City Building And Land for sale (Zone 4 - Nanaimo)  : MLS®# 461748
Photo 3: 324 TERMINAL AVE in NANAIMO: Z4 Old City Building And Land for sale (Zone 4 - Nanaimo)  : MLS®# 461748
Photo 4: 324 TERMINAL AVE in NANAIMO: Z4 Old City Building And Land for sale (Zone 4 - Nanaimo)  : MLS®# 461748
Photo 5: 324 TERMINAL AVE in NANAIMO: Z4 Old City Building And Land for sale (Zone 4 - Nanaimo)  : MLS®# 461748
Photo 6: 324 TERMINAL AVE in NANAIMO: Z4 Old City Building And Land for sale (Zone 4 - Nanaimo)  : MLS®# 461748
Photo 7: 324 TERMINAL AVE in NANAIMO: Z4 Old City Building And Land for sale (Zone 4 - Nanaimo)  : MLS®# 461748
Photo 8: 324 TERMINAL AVE in NANAIMO: Z4 Old City Building And Land for sale (Zone 4 - Nanaimo)  : MLS®# 461748
Photo 9: 324 TERMINAL AVE in NANAIMO: Z4 Old City Building And Land for sale (Zone 4 - Nanaimo)  : MLS®# 461748
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Photo 12: 324 TERMINAL AVE in NANAIMO: Z4 Old City Building And Land for sale (Zone 4 - Nanaimo)  : MLS®# 461748
Photo 13: 324 TERMINAL AVE in NANAIMO: Z4 Old City Building And Land for sale (Zone 4 - Nanaimo)  : MLS®# 461748
Photo 14: 324 TERMINAL AVE in NANAIMO: Z4 Old City Building And Land for sale (Zone 4 - Nanaimo)  : MLS®# 461748
Photo 15: 324 TERMINAL AVE in NANAIMO: Z4 Old City Building And Land for sale (Zone 4 - Nanaimo)  : MLS®# 461748
Photo 16: 324 TERMINAL AVE in NANAIMO: Z4 Old City Building And Land for sale (Zone 4 - Nanaimo)  : MLS®# 461748
Photo 17: 324 TERMINAL AVE in NANAIMO: Z4 Old City Building And Land for sale (Zone 4 - Nanaimo)  : MLS®# 461748
Photo 18: 324 TERMINAL AVE in NANAIMO: Z4 Old City Building And Land for sale (Zone 4 - Nanaimo)  : MLS®# 461748
Photo 19: 324 TERMINAL AVE in NANAIMO: Z4 Old City Building And Land for sale (Zone 4 - Nanaimo)  : MLS®# 461748
Photo 20: 324 TERMINAL AVE in NANAIMO: Z4 Old City Building And Land for sale (Zone 4 - Nanaimo)  : MLS®# 461748
Photo 21: 324 TERMINAL AVE in NANAIMO: Z4 Old City Building And Land for sale (Zone 4 - Nanaimo)  : MLS®# 461748
Photo 22: 324 TERMINAL AVE in NANAIMO: Z4 Old City Building And Land for sale (Zone 4 - Nanaimo)  : MLS®# 461748
Photo 23: 324 TERMINAL AVE in NANAIMO: Z4 Old City Building And Land for sale (Zone 4 - Nanaimo)  : MLS®# 461748
Photo 24: 324 TERMINAL AVE in NANAIMO: Z4 Old City Building And Land for sale (Zone 4 - Nanaimo)  : MLS®# 461748
Photo 25: 324 TERMINAL AVE in NANAIMO: Z4 Old City Building And Land for sale (Zone 4 - Nanaimo)  : MLS®# 461748
Photo 26: 324 TERMINAL AVE in NANAIMO: Z4 Old City Building And Land for sale (Zone 4 - Nanaimo)  : MLS®# 461748
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Photo 28: 324 TERMINAL AVE in NANAIMO: Z4 Old City Building And Land for sale (Zone 4 - Nanaimo)  : MLS®# 461748
Photo 29: 324 TERMINAL AVE in NANAIMO: Z4 Old City Building And Land for sale (Zone 4 - Nanaimo)  : MLS®# 461748
Photo 30: 324 TERMINAL AVE in NANAIMO: Z4 Old City Building And Land for sale (Zone 4 - Nanaimo)  : MLS®# 461748
Photo 31: 324 TERMINAL AVE in NANAIMO: Z4 Old City Building And Land for sale (Zone 4 - Nanaimo)  : MLS®# 461748
Photo 32: 324 TERMINAL AVE in NANAIMO: Z4 Old City Building And Land for sale (Zone 4 - Nanaimo)  : MLS®# 461748
Status:
Active
Prop. Type:
Building And Land
MLS® Num:
461748
Bus Major:
Commercial
Over $300,000 in recent renovations: High end office building renovations ready for your buyer with built in lease income. Built for one of Nanaimo top web companies, 324 Terminal Ave boasts 7,928 sqft (6,747 leasable) with 3 separate office spaces for maximum flexibility. The building is fully leased at average $12 sqft + operating costs. Over $300,000 in renovations were done for the previous tenant and include full wiring (previous tenant was a web / software company) advanced security system (including camera monitoring) brand new Hvac systems (heat and cooling pumps on all floors each independent) 3 separate completely renovated spaces. This property supports rent of over $80,000+ triple net using a potential average of $12 per sqft. Do the cap rate calculations on this property and you will see this is one of the best investment properties available in Nanaimo. Additional revenue available from billboard rental to increase value to purchaser even further. Contact Carly Carey for more details and to arrange a showing.
Total Floor Area:
7,928 sq. ft.
Lot Shape:
Lease Operational Costs per Sq Ft:
Unit Rentable Area:
Property Type:
Building And Land
Title:
Freehold
Major Business Type:
Commercial
Business Name:
Multi-Family Type:
Industrial Type:
Restrictions:
Land And Services:
Date Listed:
Previous Price:
Original Price:
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    Top Floor, open concept.
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    bottom floor, bathroom
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Larger map options:
Listed by RE/MAX Of Nanaimo
Data was last updated November 12, 2019 at 01:10 AM (UTC)
Area Statistics
Listings on market:
36
Avg list price:
$924,900
Min list price:
$399,900
Max list price:
$4,900,000
Avg days on market:
172
Min days on market:
12
Max days on market:
796
Avg price per sq.ft.:
$129.01
These statistics are generated based on the current listing's property type and located in Zone 4 - Nanaimo. Average values are derived using median calculations.
JOE SQUIRE