1870 East Wellington Rd
Na Central Nanaimo Nanaimo V9S 5X7

$3,400,000
Commercial Sale

Main Photo: 1870 East Wellington Rd in Nanaimo: Na Central Nanaimo Mixed Use for sale : MLS®# 947310
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Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
947310
FOR SALE Land, Building & Business with significant re-development potential. Located in Central Nanaimo, zoned Commercial COR3 Community Corridor with a future re-development focus toward mixed commercial & multi-family. This site is located in an area that has undergone unprecedented development in the last 10 years such as new multi-family buildings, office buildings, and the newly built Greenrock service commercial/industrial node which includes various businesses that will service the needs of the local community all within walking distance to the hospital, 5 minute drive to downtown & VIU. The property frontage is over 250 ft with the total lot size 1.07 acres. Improved with a 13,296 sq ft tilt up concrete frame building & utilized as a family owned successful Bowling Alley w/Escape Rooms. This is an excellent opportunity with various options. Operate as is, re-purpose the building to a commercial use, or re-develop to Commercial/Multi-Family. Information package available.
Property Type:
Commercial Sale
Type:
Mixed Use
Commercial Type:
Building, Business, Land
Lease Type:
Sale Price
Listing General Location:
Na Central Nanaimo, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
1.074 acre(s)
Building Features:
Parking, Shopping Nearby, Visual Exposure
Floor finish:
Mixed
Total Building Area:
13,296 sq. ft.
Water supply:
Municipal
Sewer:
Sewer Connected
Fireplace:
No
Main Level
0
Yes
No
Unrestricted
Jurisdiction name:
City of Nanaimo
Zoning:
COR-3
Occupancy:
Owner
Lot Site Features:
Acreage, Central Location, Easy Access, Level, Recreation Nearby, Shopping Nearby
Parking Features:
On Site
Road Surface Type:
Paved
Business Name:
Brechin Lanes & Escape Rooms
Business Type:
Other
Date Listed:
Oct 30, 2023
Original Price:
3400000.0
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Listed by RE/MAX of Nanaimo
Data was last updated April 24, 2024 at 02:05 PM (UTC)
Area Statistics
Listings on market:
18
Avg list price:
$1,087,450
Min list price:
$79,900
Max list price:
$7,360,000
Avg days on market:
159
Min days on market:
14
Max days on market:
414
These statistics are generated based on the current listing's property type and located in Na Central Nanaimo. Average values are derived using median calculations.
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.