Commercial Sale

NAI Listings

660 Pine St
Na Old City Nanaimo V9R 2C8

$3,490,000
Commercial Sale built: 1953

Main Photo: 660 Pine St in Nanaimo: Na Old City Industrial for sale : MLS®# 945947
Photo 1: 660 Pine St in Nanaimo: Na Old City Industrial for sale : MLS®# 945947
Photo 2: 660 Pine St in Nanaimo: Na Old City Industrial for sale : MLS®# 945947
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
945947
Year Built:
1953
This property is located in a small light industrial node. The property consists of two buildings with a total of 5 units (totaling 22,500 Sq Ft in leasable space). All 5 units are currently leased and can be accessed from both the front and rear of the building. The rear of the building is accessed via an easement in favour of the property over the neighbouring property. Current Tenants include a Fibre Glass manufacturer and Automotive repair shop. The current zoning is R14, however City of Nanaimo has grandfathered the current "light industry" use to the property. A Confidential Information Memorandum (CIM) is available for qualified Buyers.
Property Type:
Commercial Sale
Type:
Industrial
Commercial Type:
Building
Year built:
1953 (Age: 71)
Lease Type:
Sale Price
Listing General Location:
Na Old City, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
0.94 acre(s)
Taxes:
$41,666.82 / 2023
Number of Storeys:
1
Leasable Area:
22,500 sq. ft.
Commercial Area:
Not Applicable
Subdivisable Area:
Yes
Fireplace:
No
Main Level
0
Yes
No
Unrestricted
Assessed:
2216000.0
Assessment year:
2023
Jurisdiction name:
City of Nanaimo
Legal Description:
LOT A, BLOCK N, PLAN VIP584, SECTION 1, NANAIMO LAND DISTRICT, (DD 67388N)
Zoning:
R14
Legal Non-Conformance:
Yes
Units in Building:
6
Occupancy:
Tenant
Parking Features:
On Site
Total Units:
1
Date Listed:
Oct 12, 2023
Original Price:
3800000.0
  • Photo 1: 660 Pine St in Nanaimo: Na Old City Industrial for sale : MLS®# 945947
    Photo 1 of 2
  • Photo 2: 660 Pine St in Nanaimo: Na Old City Industrial for sale : MLS®# 945947
    Photo 2 of 2
Data was last updated February 28, 2024 at 06:05 PM (UTC)
Area Statistics
Listings on market:
34
Avg list price:
$949,950
Min list price:
$15
Max list price:
$7,600,000
Avg days on market:
69
Min days on market:
1
Max days on market:
462
These statistics are generated based on the current listing's property type and located in Na Old City. Average values are derived using median calculations.
John Hankins