Excellent Investment opportunity to own a fully leased property located just blocks from Nanaimo Downtown center. The land area is 7,636 sq ft, zoned Downtown (DT2) and is situated on a corner lot with brand new sidewalks surrounding the buildings. Building 1 (486 Franklyn St) consists of 4 units (A,B,C & D) for a total of 3,865 sq ft and Building 2 (390 Selby St) is 1,100 Sq. Ft. There are a total of 3 tenancies with 1 Tenant occupying Units A & B & 390 Selby Street for a total of 3,415 Sq. Ft. Unit C is 650 sq. Ft. and Unit D is 900 Sq. Ft. There is onsite and street parking available. Leases are triple net leases. These smaller complexes rarely come available. Call or email for a full detailed package.
Address
486 Franklyn St
List Price
$1,049,000
Property Type
Commercial Sale
Type of Dwelling
Mixed Use
Area
Nanaimo
Sub-Area
Na Old City
Lot Size
7636 Sq. Ft.
MLS® Number
962606
Listing Brokerage
RE/MAX of Nanaimo
Postal Code
V9R 2X7
Tax Amount
$19,892
Tax Year
2023
Amenities
Corner Lot, Easy Access, Serviced, Shopping Nearby, Sidewalk, Square Lot
