$950,000

Industrial Land & Building located in Central Nanaimo on Vancouver Island with split zoning; I1-Highway Industrial, which provide for clean uses, as well as commercial uses which require large lots. I3-High Tech Industrial, which provides for clean high-tech industrial uses and supporting commercial uses. The property is located at the end of a no thru road & is adjacent to the Bypass Highway which offers excellent highway exposure. The land is 13,648 sq ft, level and fully fenced with a 1,393 sq ft single level building with one overhead door. The building offers a shop area, office, lunchroom, 3 piece washroom and is equipped with an electric forced air furnace. Use the land and building as is or design and build a new facility as this is a great re-development site. The property is located in an area that has undergone unprecedented development in the last 10 years with new multi family buildings, office buildings and the newly built Green Rock service commercial/industrial node which includes various businesses to service the needs of the local community all within walking distance and in close proximity to the Bypass highway and Departure Bay Ferry Terminal. The property I1 zoning allows 40% lot coverage with a building height of 12m. I3 zoning allows for 50% lot coverage with a building height of 14m. Additional lot coverage is possible based on proposed development. Verify with City of Nanaimo. Currently the building is owner occupied with 2 tenants renting yard space on a month-to-month basis at $2,200 per month. Rare opportunity in today's market with a full information package available. Plus GST. (id:16027)

Property Details

Building

Land

https://www.realtor.ca/real-estate/25692607/1931-griffiths-rd-nanaimo-central-nanaimo