Industrial Revenue Opportunity

Price: Call Agent

Detailes

Approximately 13,000 Sq. Ft. of leasable area. Asphalt paved yard with 33 parking stalls situated on the corner of two busy streets and located in Northﬁeld Industrial Park Nanaimo. Oﬃcial Community Plan designates the area as light industrial for long term continuation of exiting use. Large pylon sign on the corner provides tenants with terriﬁc exposure and helps maintain full occupancy of the property. Older Phase 1 Report (2001) indicates no environmental issues associated with the property.

Location

Features

Civic Address

2231 McGarrigle Road, Nanaimo, BC

Legal Description

Lot 1, Section 18, Range 8, Mountain District, Plan 14773 Except Those Parts in Plans 22071 and 24912 PID: 004-268-636

Land Area

26,571 Sq. Ft.

Improvements

13,402 Sq. Ft.

Improvements

Main Floor: 11,026 Sq. Ft.
Second Floor: 2,376 Sq. Ft.
Total GBA: 13,402 Sq. Ft.

Zoning

I-1 (Highway Industrial)

Tax Assessment

2020
Land: $596,000
Improvements: $927,000
Total: $1,523,000

Gross Taxes

2018: $29,140.42

Age

According to the Assessment Authority the complex was built in 1975.

Yard

Site includes a large, asphalt paved parking lot (+/- 12,395 Sq. Ft.) with +/- 33 parking spots. Surrounding the subject building is approx. 1,975 Sq. Ft. of concrete walkways.

Industrial Revenue Opportunity