233 Fraser St

Mixed Use For Sale in Na Old City, Nanaimo


An exceptional opportunity awaits an owner-occupier or investor with this prime property located in Nanaimo's bustling business core. Boasting a functional ground level that is currently utilized as a Volvo auto repair center, the property's upstairs area has great potential for redevelopment into a work-live space, office space, or an alternative use to maximize the income potential under the current zoning. Furthermore, a purchase option for the operating business (Volvo service and repair) is available for an additional $100,000 (as an Asset Sale that includes existing inventory), with terms negotiable with the seller. As the neighborhood is optimal for redevelopment, sophisticated investors can anticipate future upside potential. The current owner will provide vacant possession. All sizes approximated and subject to verification by the prospective buyer.
Address 233 Fraser St
List Price $995,000
Property Type Commercial Sale
Type of Dwelling Mixed Use
Area Nanaimo
Sub-Area Na Old City
Lot Size 4356 Sq. Ft.
Year Built 1956
MLS® Number 926721
Listing Brokerage Coldwell Banker Oceanside Real Estate
Postal Code V9R 5C2
Tax Amount $8,717
Tax Year 2022
Features Concrete, Electric, Natural Gas, Other, Other Improvements
Amenities Central Location, Cleared, Cul-De-Sac, Display Window, Easy Access, Fenced, Level, Lighting, Low Maintenance Yard, Serviced, Shopping Nearby, Sidewalk, Sign: Allowed, Storefront

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John Morris

3194 Douglas Street Victoria BC V8Z 3K6

Phone: (250)710-0765

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