233 Fraser St Nanaimo, British Columbia V9R 5C2



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


Constructed Date 1956
Cooling Type None
Heating Fuel Electric, Natural Gas
Size Exterior 4475 Sqft
Type Commercial Mix


Access Type Road Access
Acreage No
Size Irregular 4356
Size Total 4356 Sqft
Size Total Text 4356 Sqft
Zoning Description Dt3
Zoning Type Unknown



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Contact Jeff King, Realtor®

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To contact Jeff King directly to discuss your real estate needs, please do one of the following:

Phone me at 250-751-4902
Email me using the form to the right

If you prefer regular mail, you can send me your letter mail in care of the Sutton Group – West Coast Realty address below.

Sutton West Coast Realty

604 – 5800 Turner Road
Nanaimo BC V9T 6J4

Office phone: 250-756-2112
Office fax: 250-756-9144