$6,300,000

Located in an industrial area of South Nanaimo, sits two properties with endless opportunities. 2040 School House Rd & 2035 Balsam Rd are being sold together and consist of a total of 4.01 acres with approximately 250 feet of high exposure frontage along the island highway. There is one building that is approximately 7300 Sq. Ft. that was built in 2005. It was constructed with metal framing and finished concrete slab flooring. The building includes a front reception/office with a loft area, another large office, 2 bathrooms, staff area with a kitchenette at the back of the building, 400-amp electrical service, and large bay door at the right side of the building. Currently the tenant is paying approximately $90,000/ year plus triple net. The official community plan Land Use Designation is Light Industrial & Commercial making this a great holding property. Both properties are currently zoned IN5 (Heavy Industrial) which allows the use of land, buildings, or structures for storage, collection, processing, repairing, salvage or recycling or a product, article, substance, material, fabric, or compound. This massive lot is strategically positioned close to the pending 726 acre ''Sandstone Lands'' master-planned development. With a convenient location just a minute from the Island Highway, easily travel to other parts of Nanaimo or destinations across Vancouver Island. Nanaimo's Downtown Core is just minutes away which holds all amenities. Only a short drive to the Nanaimo Airport and BC Ferry Services. For additional information call or email Sean McLintock PREC* or Travis Briggs PREC* at 250-713-5501 / [email protected](Measurements & data approximate & should be verified if important). (id:16027)

Property Details

Building

Land

https://www.realtor.ca/real-estate/25647280/2040-schoolhouse-rd-nanaimo-cedar