Active
100 Wallace St
Nanaimo BC, V9R 5B1
$3,299,000
$436.38 per sqft
Active
7,560 sqft
Commercial
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.
973382
MLSⓇ ID
August 16, 2024
Listed
October 14, 2024
Updated
Map
100 Wallace St
Nanaimo BC, V9R 5B1
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.33 Acres
Lot Features
Corner Lot
Sewer
Sewer Connected
Other Property Details
Area Name
Nanaimo
Taxes
$1,970,000
Tax Frequency
Annually
Garage
No
Parking
On Site
Parking Total
21
View
Yes
View Description
City, Ocean
County
Nanaimo, City of
Water Source
Municipal
Pool
No
Zoning
DT3
Courtesy of Sutton Group-West Coast Realty (Nan), Michael Guan
Listing Contact: 250-756-2112
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