1840 STEWART AVE

Nanaimo, BC, V9S 4E6
JEFF KING*, Sutton Group-West Coast Realty (Nan)

$3,950,000

Business Type: Retail

Date Listed: Thu, Sep 07, 2017

Property Tax: N/A

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1840 STEWART AVE

Nanaimo, BC, V9S 4E6
JEFF KING*, Sutton Group-West Coast Realty (Nan)

$3,950,000

N/A sqft|Retail

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Property Description

Currently offered for sale redevelopment land on foreshore lease with holding income from multiple commercial and residential tenancies. Located adjacent to the BC Ferry Departure Bay Terminal, immediately beside a Sea Plane Terminal and on a transition node of the Trans Canada Highway. This property truly is at hub of transportation. The surrounding area is under development featuring restaurants, pubs, parks and a pedestrian seawall. With the current zoning, permitted uses as per City of Nanaimo Bylaw, include but are not limited to; active marine uses, such as ship yards, fishing fleet support, float homes, moorage and water-based transportation. Marine retail, tourism, and recreational activities will also be permitted. Medium density residential development will also be permitted in this zone and supports a building height of up to four storeys.

Details

Property Type: Commercial
Property Tax: na
Fees: na
Last Updated: Sat, July 28, 2018
Business Type: Commercial
Property Type Detail: Building and Land
Title: Leasehold
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MLS© system data provided by VIREB, copyright© 2018. The information is from sources deemed reliable but not relied upon with independent verification.

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RE/MAX recently released its 2017 Commercial Investor Report, highlighting trends and market activity in several key markets. Following up on the report, we have compiled some introductory tips from some of our brokers and agents for investing in commercial real...
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MLS© system data provided by VIREB, copyright© 2018. The information is from sources deemed reliable but not relied upon with independent verification.