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240 Nicol St
Na South Nanaimo Nanaimo V9R 4T2

$2,000,000
Commercial Sale built: 1979

Main Photo: 240 Nicol St in Nanaimo: Na South Nanaimo Other for sale : MLS®# 1008292
Photo 1: 240 Nicol St in Nanaimo: Na South Nanaimo Other for sale : MLS®# 1008292
Photo 2: 240 Nicol St in Nanaimo: Na South Nanaimo Other for sale : MLS®# 1008292
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
1008292
Year Built:
1979
Set your business up for success with this well-equipped commercial property boasting excellent highway exposure & close proximity to downtown Nanaimo. Upstairs offers approx. 3,000 sqft of office space. Originally designed with ambitious ideas—like a kiosk concept that was never launched—this space features substantial electrical supply & plumbing. It includes 2 public restrooms (each with three toilets & 2 sinks), a special access bathroom, & a staff bathroom with2 toilets & a sink. Public bathroom flooring was updated six years ago; the kitchen received ceramic tiles and upgraded stainless steel counters five years ago. Fire suppression and exhaust systems have been modernized—ideal for food service. Further updates include electrical/plumbing improvements, roof shingles replaced seven years ago, and an environmental soil test completed in April. A functional and flexible property ready for a variety of commercial uses. All information should be verified if fundamental to purchase.
Property Type:
Commercial Sale
Type:
Other
Commercial Type:
Building, Land
Year built:
1979 (Age: 46)
Lease Type:
Sale Price
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Na South Nanaimo, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
0.84 acre(s)
Taxes:
Building Features:
Fire Alarm, Kitchen/Staff Room, Parking, Security System
Construction:
Brick & Siding
Foundation:
Concrete Perimeter
Number of Storeys:
2
Ceiling Heights:
Floor finish:
Mixed
Total Building Area:
10,040 sq. ft.
Commercial Area:
Subdivisable Area:
No
Water supply:
Municipal
Sewer:
Sewer Connected
Cooling:
HVAC
Heating:
Heat Pump
Fireplace:
No
Pending Date:
Balcony/Patio, Lighting, Security System, Sign: Lighted
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Nanaimo
Legal Description:
Units in Building:
Units in Community:
Occupancy:
Owner
Lot Site Features:
Central Location, Easy Access, Rectangular Lot, Shopping Nearby
Parking Features:
On Site
Road Frontage Type:
Highway
Road Surface Type:
Paved
Total Units:
Date Listed:
Jul 24, 2025
Original Price:
2000000.0
  • Photo 1: 240 Nicol St in Nanaimo: Na South Nanaimo Other for sale : MLS®# 1008292
    Photo 1 of 2
  • Photo 2: 240 Nicol St in Nanaimo: Na South Nanaimo Other for sale : MLS®# 1008292
    Photo 2 of 2
Listed by Century 21 Harbour Realty Ltd.
Data was last updated July 27, 2025 at 04:05 AM (UTC)
Area Statistics
Listings on market:
14
Avg list price:
$1,300,000
Min list price:
$92,000
Max list price:
$7,403,000
Avg days on market:
36
Min days on market:
2
Max days on market:
113
These statistics are generated based on the current listing's property type and located in Na South Nanaimo. Average values are derived using median calculations. This data is not produced by the MLS® system.
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.