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3 220 E Island Hwy
PQ Parksville Parksville V9P 2P3

$20 /sqft
Commercial Lease

Building and Open Parking lot-lots of parking
Photo 1: 3 220 E Island Hwy in Parksville: PQ Parksville Retail for lease (Parksville/Qualicum)  : MLS®# 1032783
Photo 2: 3 220 E Island Hwy in Parksville: PQ Parksville Retail for lease (Parksville/Qualicum)  : MLS®# 1032783
Photo 3: 3 220 E Island Hwy in Parksville: PQ Parksville Retail for lease (Parksville/Qualicum)  : MLS®# 1032783
Status:
For Lease
Prop. Type:
Commercial Lease
MLS® Num:
1032783
Turnkey Restaurant Opportunity – Prime Downtown Parksville Location Rare opportunity to secure a fully equipped, established restaurant space in the heart of downtown Parksville. This 1,548 sq. ft. premises has operated successfully for many years and is now available with all existing equipment in place—offered at no acquisition cost, tenant assumes lease only at $20/sq. ft. net. Ideally situated just steps from the ocean, this high-exposure location benefits from strong pedestrian traffic and excellent visibility. The property offers ample on-site parking with approximately 30 open stalls, a significant advantage in the downtown core. Surrounded by a thriving mix of professional and service-based businesses, this location provides a built-in customer base and consistent activity throughout the day. Opportunities to step into a fully built-out restaurant space in a location like this are extremely limited. For further details, contact the listing agent.
Property Type:
Commercial Lease
Type:
Retail
Commercial Type:
Building
Lease Type:
Absolute Net
Additional Rent Per SqFt:
9.0
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
PQ Parksville, Parksville/Qualicum
Bathrooms:
- (Full:-/Half:-)
Lot Size:
0 sq. ft.
Taxes:
Number of Storeys:
4
Ceiling Heights:
Total Building Area:
1,548 sq. ft.
Leasable Area:
1,548 sq. ft.
Commercial Area:
Fireplace:
No
Pending Date:
Main Level
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 Parksville
Legal Description:
Legal Non-Conformance:
No
Units in Building:
Units in Community:
Occupancy:
Tenant
Parking Features:
On Site
Total Parking Spaces:
30
Road Surface Type:
Paved
Total Units:
Date Listed:
Apr 18, 2026
Original Price:
20.0
  • Photo 1: 3 220 E Island Hwy in Parksville: PQ Parksville Retail for lease (Parksville/Qualicum)  : MLS®# 1032783
    Building and Open Parking lot-lots of parking
  • Photo 2: 3 220 E Island Hwy in Parksville: PQ Parksville Retail for lease (Parksville/Qualicum)  : MLS®# 1032783
    Front view of building off Island Hwy
  • Photo 3: 3 220 E Island Hwy in Parksville: PQ Parksville Retail for lease (Parksville/Qualicum)  : MLS®# 1032783
    Highlighted in green
Listed by eXp Realty (NA)
Data was last updated April 21, 2026 at 10:05 AM (UTC)
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.