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531 2nd St in : Na University District Mixed Use for sale (Nanaimo) : MLS®# 879737

531 2nd St V9R 1X7 : Na University District

Main Photo: 531 2nd St in : Na University District Mixed Use for sale (Nanaimo)  : MLS®# 879737
$799,000
Prop. Type:
Commercial Sale
MLS® Num:
879737
Status:
Active
Double commercial (CC1) lots property in the core of University. The building comes with a store space and 2-bedroom suite plus a detached garage. The suite currently is rented with $1,400/m with month to month term. The CC1 zoning provides for small scale and community services within neighbourhoods & allows mixed commercial/residential up to 3 levels. If the store was demo'd, you could build commercial at street level and 1 or more residential units up - ideal income property or live & work situation. The CC1 zoning also allows for one single family dwelling/lot subject to floor area ratio and lot coverage constraints. So, you could potentially get 4 doors on this property at a time when huge premiums are being paid for residential building lots. Possession: "As is, where is".
Property Type:
Commercial Sale
Type:
Mixed Use
Commercial Type:
Building, Land
Lease Type:
Sale of Assets
Listing General Location:
Na University District, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
Switch units of measure5,662.8 sq. ft.
Taxes:
$3,319 / 2020
Building Features:
Shopping Nearby, Visual Exposure
Construction:
Concrete
Foundation:
Concrete Perimeter
Total Building Area:
Switch units of measure1,500 sq. ft.
Commercial Area:
Core (excl Downtown)
Sewer:
Sewer To Lot
Fireplace:
No
Main Level
0
Yes
No
Unrestricted
Assessed:
415100.0
Assessment year:
2021
Jurisdiction name:
City of Nanaimo
Legal Description:
LT 3 SEC 1 NANAIMO DISTRICT PL 1624 THE WEST 1/2 OF LT 1 SEC 1 NANAIMO DIST PL 1624 THE WEST 1/2 OF LT 2 SEC 1 NANAIMO DISTRICT PL 1624 PID 007178964/007179022
Zoning:
CC1
Occupancy:
Partially Occupied
Lot Site Features:
Corner Lot, Level
Parking Features:
On Site
Total Parking Spaces:
0
Total Units:
2
Date Listed:
Jun 25, 2021
Original Price:
799000.0
Data was last updated July 26, 2021 at 12:05 AM (UTC)
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.