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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:59709)

Property Details

MLS® Number 973382
Property Type Other
Neigbourhood Old City
Features Corner Site
ParkingSpaceTotal 21
ViewType City View, Ocean View

Building

SizeExterior 7560 Sqft
Type Commercial Mix

Land

AccessType Road Access
Acreage No
SizeIrregular 14375
SizeTotal 14375 Sqft
SizeTotalText 14375 Sqft
ZoningDescription Dt3
ZoningType Unknown

https://www.realtor.ca/real-estate/27298545/100-wallace-st-nanaimo-old-city

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Michael Guan
Personal Real Estate Corporation


Sutton Group-West Coast Realty (Nan)
#604 - 5800 Turner Road
Nanaimo, British Columbia V9T 6J4

Michael Mckillican
Personal Real Estate Corporation


Sutton Group-West Coast Realty (Nan)
#604 - 5800 Turner Road
Nanaimo, British Columbia V9T 6J4

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