130 Terminal Av N
Nanaimo, BC V9S 4J3

$2,063,616 USD

General Retail For Sale • 6,967 SF

Property Details

Property Type General Retail
Total Building Size 6,967 SF
Lot Size 0.8 AC
Building Class C
Year Built 1964
Tenancy Multiple
Zoning COR3

50 Transit Score

60 Walk Score

                
                    Highlights
                
                                High-exposure corner site along Terminal Avenue North (Highway 19A), carrying approximately 16,700 VPD and connecting Terminal Park Mall.
                            
                                The Subject Property comprises two purpose-built freestanding buildings on a single 34,854 SF lot, including a rarely available drive-thru.
                            
                                Building 1 is currently used by the Salvation Army for kitchen and meal prep and becomes available 01-Jun-2026 on an as-is basis.
                            
                                Building 2 operates as an active QSR drive-thru under a lease expiring September 30, 2029 that includes a one-year demolition clause.
                            
                                BC Ferries Departure Bay Terminal is five minutes from the Subject Property, serving tens of thousands of passengers annually.
                            
                                Zoned COR3 Community Corridor under City of Nanaimo Bylaw No. 4500, the property carries a site-specific approval for fast food restaurant use.