Main Photo: 4180 N Island Hwy in Nanaimo: Na Uplands Office for sale : MLS®# 934598
Photo 1: 4180 N Island Hwy in Nanaimo: Na Uplands Office for sale : MLS®# 934598
Photo 2: 4180 N Island Hwy in Nanaimo: Na Uplands Office for sale : MLS®# 934598
Photo 3: 4180 N Island Hwy in Nanaimo: Na Uplands Office for sale : MLS®# 934598
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Photo 6: 4180 N Island Hwy in Nanaimo: Na Uplands Office for sale : MLS®# 934598
Photo 7: 4180 N Island Hwy in Nanaimo: Na Uplands Office for sale : MLS®# 934598
Status:
Sold
Prop. Type:
Commercial Sale
MLS® Num:
934598
Sold Date:
Feb 29, 2024
Investment opportunity for Sale - Tenanted office/retail building featuring +/- 7,248 SF of leaseable area situated on the Island Highway in North Nanaimo. The property currently has two existing tenancies, and one small office vacancy of 1,271 SF which is currently offered for lease. The location possesses 4 civic addresses, two of which are on longer term leases and providing strong covenants. There are future increases in rental rates allowing for upside in income. Land area is 1.08 acres and provides for parking fields at both ends of the building. With 600+ feet of frontage to the Island Highway, the property has great visibility and exposure, including signage exposure. Access is directly from the Island Highway via easement with the neighbouring property which houses Nanaimo Realty. Rear access is via 101st street.
Price:
$2,100,000
Property Type:
Commercial Sale
MLS® Num:
934598
Status:
Sold
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Listed by Colliers International (Nan), sold on February, 2024
Data was last updated May 23, 2024 at 08:05 PM (UTC)
Area Statistics
Listings on market:
107
Avg list price:
$999,900
Min list price:
$49,500
Max list price:
$15,888,888
Avg days on market:
86
Min days on market:
1
Max days on market:
654
These statistics are generated based on the current listing's property type and located in 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.