Nanaimo, BC V9R5B1,100 Wallace St
Nanaimo, BC V9R5B1,100 Wallace St
Nanaimo, BC V9R5B1,100 Wallace St
Nanaimo, BC V9R5B1,100 Wallace St
Nanaimo, BC V9R5B1,100 Wallace St
Nanaimo, BC V9R5B1,100 Wallace St
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$ 3,299,000
Est. payment | /mo

0.33 Acres Lot


Save
$ 3,299,000
Est. payment | /mo
Save

0.33 Acres Lot

Key Details

Property Type Commercial

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Subdivision Old City

MLS® Listing ID 973382

Originating Board Vancouver Island Real Estate Board

Lot Size 0.330 Acres

Acres 14375.0

Property Description

Introducing an unparalleled investment opportunity in downtown Nanaimo! This fully occupied building, with most tenants having long-term leases, including an anchor tenant, the walk-in clinic, secured until 2030, generates over $150k in net profit annually. The diverse mix of tenants includes a pharmacy, physiotherapist, sleep clinic, CPA office, and art studio. Situated at the heart of Nanaimo's downtown center and with a 7-level apartment building under construction across the street, the potential for growth is immense. Benefit from stable income streams and tap into the future synergy with neighboring residents. With the rising demand for downtown residential properties, consider the possibility of transforming this property into coveted condominiums. Whether you're an investor seeking stability or an entrepreneur with a vision, this property offers an unparalleled opportunity. Don't miss out on this prime real estate investment. All measurements are approximate, to verify if important. (id:24570)

Location

Province BC

Zoning Unknown

Exterior

Parking Features No

View Y/N Yes

View City view, Ocean view

Total Parking Spaces 21

Private Pool No

Others

Ownership Freehold

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Listed by Sutton Group-West Coast Realty (Nan)

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100 Wallace St

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Jayson Sidhu

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