1980 Schoolhouse Rd, Nanaimo, BC

$15,500,000

30,624

Square feet

12.90

Acres

About 1980 Schoolhouse Rd

Situated south of Nanaimo on the Trans Canada Highway, Vancouver Island Self-Storage is an excellent cashflow opportunity with initial building phase complete, currently generating revenue with huge additional potential. Only half of the usable land has been developed, leaving several acres for future expansion or for commercial or industrial tenants (prospects already in line). The self-storage facility is designed to maximize profits and reduce costs, with a full fire suppression system, and no unnecessary indoor hallways, maximizing space with a unit mix that caters to home movers and families that live in condos. Both small and large clientele will also be able to take advantage of indoor and outdoor options. Current capacity is 186 indoor units with 24hr smart phone access, heating/security and high ceilings. Outdoor rental space layout and quantity is variable to maximize profit and match seasonal demand. This is an investment that allows one to profit on autopilot.

Commercial Sale home for sale in Nanaimo, BC at 1980 Schoolhouse Rd. This Commercial Sale home is priced at $506/sqft

Features of 1980 Schoolhouse Rd

MLS® # 879333
Price $15,500,000
Sold Price $14,750,000
Square Footage 30,624
Acres 12.90
Type Commercial Sale
Sub-Type Warehouse
Status Closed

Community Information: Nanaimo

Address 1980 Schoolhouse Rd
Area Na Cedar
City Nanaimo
County Nanaimo Regional District
Province BC
Postal Code V9X 1T4

Amenities of 1980 Schoolhouse Rd

Utilities Electricity To Lot
Is Waterfront No
Has Pool No

Interior of 1980 Schoolhouse Rd

Heating Radiant Floor
Fireplace No
# of Stories 1

Exterior of 1980 Schoolhouse Rd

Exterior Features Fencing: Full, Lighting, Low Maintenance Yard, Security System

Additional Information On 1980 Schoolhouse Rd

Date Listed June 22nd, 2021
Date Sold May 11th, 2022
Days on Market 314
Zoning BL 500, CD33, Z

Map To 1980 Schoolhouse Rd, Nanaimo

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