1931 Griffiths Rd Nanaimo, British Columbia V9S 5X4

$1,285,000

Rare opportunity to acquire industrial land and building in Central Nanaimo with excellent highway exposure. This 13,648 sq ft (0.31-acre) level and fully fenced property offers split zoning I1 (Highway Industrial) and I3 (High-Tech Industrial) providing exceptional flexibility for a wide range of industrial and clean commercial uses. A phase 2 environmental study was done in 2023, and a clearance certificate is available. As the area is home to a variety of industrial/ commercial uses in the ever popular Boxwood Industrial park area, this location could be perfect for multiple types of business operations. The site includes a 1,355 sq ft single-level building with one overhead door, featuring a shop area, office, lboardroom, and 3-piece washroom, heated by electric forced air. Ideal for small-scale operations, storage, or as a temporary facility while planning redevelopment. Located at the end of a no-thru road adjacent to the Bypass Highway, the property offers outstanding visibility and accessibility. The surrounding area has seen unprecedented growth over the past decade, including new multifamily developments, modern office buildings, and the newly established Green Rock Commercial/Industrial Node, home to various service-oriented businesses. Zoning permits allow for up to 40% lot coverage (I1) or 50% (I3) with potential for additional coverage depending on design and approval. Building heights of 12m (I1) and 14m (I3) allow for versatile redevelopment options. Close to all major Nanaimo corridors. Whether you’re expanding your operations, seeking a holding property, or planning a redevelopment, this property represents a strategic investment opportunity in one of Vancouver Island’s fastest-growing industrial corridors. Full information package available. Plus GST. Verify all data and measurements if important. (id:61048)

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https://www.realtor.ca/real-estate/29082443/1931-griffiths-rd-nanaimo-central-nanaimo