100 Wallace St Active Save Request In-Person Tour Request Virtual Tour
Nanaimo,BC V9R 5B1
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 973382
Rental Info Unrestricted
Annual Tax Amount $1,970,000
Tax Year 2024
Lot Size 0.330 Acres
Acres 0.33
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. All measurements are approximate, to verify if important.
Location
Province BC
County Nanaimo, City Of
Area Nanaimo
Zoning DT3
Exterior
Parking On Site 1
Utilities Available Cable To Lot,Electricity To Lot,Phone To Lot
View Y/N Yes
View City,Ocean
Total Parking Spaces 21
Building
Lot Description Corner
Building Description Frame Wood,Insulation: Ceiling,Insulation: Walls, Security System,Shopping Nearby,Transit Nearby
Foundation Poured Concrete
Sewer Sewer Connected
Water Municipal
Structure Type Frame Wood,Insulation: Ceiling,Insulation: Walls
Others
Pets Allowed Yes
Tax ID 008-788-863
Ownership Freehold