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100 Wallace St
Na Old City Nanaimo V9R 5B1

$3,580,000
Commercial Sale

Main Photo: 100 Wallace St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 965947
Photo 1: 100 Wallace St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 965947
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Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
965947
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
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Na Old City, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
14,375.099 sq. ft.
Taxes:
Building Features:
Security System, Shopping Nearby, Transit Nearby
Construction:
Frame Wood, Insulation: Ceiling, Insulation: Walls
Foundation:
Concrete Perimeter
Electricity:
Yes
Ceiling Heights:
Total Building Area:
7,997 sq. ft.
Leasable Area:
7,560 sq. ft.
Commercial Area:
Water supply:
Municipal
Sewer:
Sewer Connected
Fireplace:
No
Pending Date:
City, Ocean
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Nanaimo
Legal Description:
Zoning:
DT3
Units in Building:
Units in Community:
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:
Date Listed:
Jun 04, 2024
Original Price:
3580000.0
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Listed by Sutton Group-West Coast Realty (Nan)
Data was last updated June 26, 2024 at 08:05 AM (UTC)
Area Statistics
Listings on market:
33
Avg list price:
$794,000
Min list price:
$58,000
Max list price:
$4,880,000
Avg days on market:
83
Min days on market:
5
Max days on market:
386
These statistics are generated based on the current listing's property type and located in Na Old City. Average values are derived using median calculations.

  

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.