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Grady Harris

grady.harris@engelvoelkers.com +1(778) 977-3222

$ 3,299,000

Est. payment -/mo

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100 Wallace St Nanaimo, BC V9R 5B1

0.33 Acres Lot

UPDATED:

08/16/2024 04:22 AM

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

Listed by Sutton Group-West Coast Realty (Nan)

Grady Harris

Advisor

+1(778) 977-3222

Grady Harris

100 Wallace St Nanaimo, BC V9R 5B1

Key Details

Location

Exterior

Building

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100 Wallace St