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100 Wallace St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 965947

100 Wallace St Nanaimo V9R 5B1 : Na Old City

Main Photo: 100 Wallace St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 965947banner
$3,580,000
Prop. Type:
Commercial Sale
MLS® Num:
965947
Status:
Active
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.
Property Type:
Commercial Sale
Type:
Mixed Use
Commercial Type:
Building, Land
Lease Type:
Sale of Assets, Sale Of Shares, Sale Price
Listing General Location:
Na Old City, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
Switch units of measure14,375.099 sq. ft.
Taxes:
$36,699 / 2023
Building Features:
Security System, Shopping Nearby, Transit Nearby
Construction:
Frame Wood, Insulation: Ceiling, Insulation: Walls
Foundation:
Concrete Perimeter
Electricity:
Yes
Total Building Area:
Switch units of measure7,997 sq. ft.
Leasable Area:
Switch units of measure7,560 sq. ft.
Commercial Area:
Downtown
Water supply:
Municipal
Sewer:
Sewer Connected
Fireplace:
No
City, Ocean
Main Level
0
Yes
No
Unrestricted
Assessed:
1970000.0
Assessment year:
2024
Jurisdiction name:
City of Nanaimo
Legal Description:
LOT 6, BLOCK 40, PLAN VIP584, SECTION 1, NANAIMO LAND DISTRICT LOT 7, BLOCK 40, PLAN VIP584, SECTION 1, NANAIMO LAND DISTRICT, WLY 83 FT OF LOT 7
Zoning:
DT3
Occupancy:
Tenant
Utilities:
Cable Connected, Electricity Connected, Phone Connected
Lot Site Features:
Corner Lot
Parking Features:
On Site
Total Parking Spaces:
21
Road Surface Type:
Paved
Total Units:
6
Date Listed:
Jun 04, 2024
Original Price:
3580000.0
Listed by Sutton Group-West Coast Realty (Nan)
Data was last updated June 14, 2024 at 12:05 PM (UTC)
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.