100 Wallace St Nanaimo, British Columbia V9R 5B1
$3,299,000
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:46227)
Property Details
| MLS® Number | 973382 |
| Property Type | Other |
| Neigbourhood | Old City |
| Features | Corner Site |
| Parking Space Total | 21 |
| View Type | City View, Ocean View |
Building
| Size Exterior | 7560 Sqft |
| Type | Commercial Mix |
Land
| Access Type | Road Access |
| Acreage | No |
| Size Irregular | 14375 |
| Size Total | 14375 Sqft |
| Size Total Text | 14375 Sqft |
| Zoning Description | Dt3 |
| Zoning Type | Unknown |
https://www.realtor.ca/real-estate/27298545/100-wallace-st-nanaimo-old-city
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August 16 2024 04:52:20
Vancouver Island Real Estate Board
Sutton Group-West Coast Realty (Nan)