$ 3,299,000
100 Wallace St Nanaimo, BC V9R5B1
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In-PersonVirtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 3,299,000
Est. payment /mo
Active
100 Wallace St Nanaimo, BC V9R5B1
0.33 Acres Lot
UPDATED:
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
Listed by Sutton Group-West Coast Realty (Nan)