668 Pine St
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668 Pine St
8,690 SF 100% Leased Industrial Building Nanaimo, BC V9R 2C8 $345,632 USD ($40 USD/SF)
Executive Summary
NEW PRICE | Court Ordered Sale | Residential Redevelopment Opportunity
Opportunity to acquire a 100% freehold interest in a redevelopment site that is currently improved with a non-conforming vacant, mixed-use (industrial with residential) property in a gentrifying neighbourhood less than 1.5 km from Downtown Nanaimo. The R-14 zoning permits single family and up to fourplex development up to 0.65 FSR.
Building - The existing building is non-conforming. Originally constructed in 1958 (BC Assessment) this ±8,690 SF vacant building is of concrete block and wood frame construction. The building has a partial second floor with a two-bedroom suite. The main floor has what appears to have been office space that was being used as a residence and a separate warehouse area with 16 foot ceilings.
The Vendor makes no representations about the building/improvements or its continued use.
Opportunity to acquire a 100% freehold interest in a redevelopment site that is currently improved with a non-conforming vacant, mixed-use (industrial with residential) property in a gentrifying neighbourhood less than 1.5 km from Downtown Nanaimo. The R-14 zoning permits single family and up to fourplex development up to 0.65 FSR.
Building - The existing building is non-conforming. Originally constructed in 1958 (BC Assessment) this ±8,690 SF vacant building is of concrete block and wood frame construction. The building has a partial second floor with a two-bedroom suite. The main floor has what appears to have been office space that was being used as a residence and a separate warehouse area with 16 foot ceilings.
The Vendor makes no representations about the building/improvements or its continued use.
Property Facts
| Price | $345,632 USD | Lot Size | 0.27 AC |
| Price Per SF | $40 USD | Rentable Building Area | 8,690 SF |
| Sale Type | Investment | No. Stories | 2 |
| Sale Conditions | Court Appointed Sale | Year Built | 1958 |
| Property Type | Industrial | Parking Ratio | 0.35/1,000 SF |
| Building Class | C | Clear Ceiling Height | 16 FT |
| Price | $345,632 USD |
| Price Per SF | $40 USD |
| Sale Type | Investment |
| Sale Conditions | Court Appointed Sale |
| Property Type | Industrial |
| Building Class | C |
| Lot Size | 0.27 AC |
| Rentable Building Area | 8,690 SF |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 0.35/1,000 SF |
| Clear Ceiling Height | 16 FT |
Walk Score ®
Very Walkable (76)
zoning
| Zoning Code | R-14 (Old City Low Density Residential (Fourplex)) |
| R-14 (Old City Low Density Residential (Fourplex)) |
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668 Pine St
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