233 Fraser St Nanaimo, British Columbia V9R 5C2
$995,000
An exceptional opportunity awaits an owner-occupier or investor with this prime property located in Nanaimo's bustling business core. Boasting a functional ground level that is currently utilized as a Volvo auto repair center, the property's upstairs area has great potential for redevelopment into a work-live space, office space, or an alternative use to maximize the income potential under the current zoning. Furthermore, a purchase option for the operating business (Volvo service and repair) is available for an additional $100,000 (as an Asset Sale that includes existing inventory), with terms negotiable with the seller. As the neighborhood is optimal for redevelopment, sophisticated investors can anticipate future upside potential. The current owner will provide vacant possession. All sizes approximated and subject to verification by the prospective buyer. (id:16027)
Property Details
| MLS® Number | 926721 |
| Property Type | Other |
| Neigbourhood | Old City |
| Features | Central Location, Cul-de-sac, Level Lot, Partially Cleared, Other |
| View Type | City View |
Building
| Constructed Date | 1956 |
| Cooling Type | None |
| Heating Fuel | Electric, Natural Gas |
| Size Exterior | 4475 Sqft |
| Type | Commercial Mix |
Land
| Access Type | Road Access |
| Acreage | No |
| Size Irregular | 4356 |
| Size Total | 4356 Sqft |
| Size Total Text | 4356 Sqft |
| Zoning Description | Dt3 |
| Zoning Type | Unknown |
https://www.realtor.ca/real-estate/25384336/233-fraser-st-nanaimo-old-city
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June 01 2023 01:09:58
Victoria Real Estate Board
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