Welcome to 4146 & 4156 Departure Bay Rd, situated in the heart of central Nanaimo, BC! These two parcels totaling 16,991 sqft, are zoned COR2 which allows for mixed use, street orientated development along urban arterials and major collector roads. The two properties are currently leased with a revenue of $4905 per month (4146) and $500 per month (4156), for a total monthly revenue of $5405. 4146 Departure Bay features a 1,465sqft fast food store (currently Subway) with full kitchen, seating area and customer restroom. Additionally, there is a fully functional 1,035sqft store with 469sqft attached office space. The upper floor houses a spacious 2,969sqft apartment with 3 bedrooms and 2 bathrooms. Next door, bring your creative ideas to 4156 Departure Bay that is currently a storage yard that could be expanded upon. Located next to Wellington Secondary, and a short walk to Country Club Center, this property draws significant clientele from the bustling location alone. Don't miss this lucrative opportunity to own this perfect investment property. All measurements are approximate and should be verified if important. (id:47423)
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Features
Central location, Level lot, Southern exposure, Other, Rectangular
Listing Contract Date
2024-11-18
Municipal ID
001-223-798
Ownership Type
Freehold
# of Parking Spaces
12
Property Type
Other
Transaction Type
For sale
Zoning
Unknown
Building
Cooling Type
Air Conditioned
Heating Fuel
Electric
Heating Type
Baseboard heaters, Heat Pump
Size (Exterior)
5938 square feet
Type
Commercial Mix
Land
Total Size
16991 square feet
Access Type
Road access
Size of Irregular Land
16991
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