100 Wallace St

Mixed Use For Sale in Na Old City, Nanaimo

$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.
Address 100 Wallace St
List Price $3,299,000
Property Type Commercial Sale
Type of Dwelling Mixed Use
Area Nanaimo
Sub-Area Na Old City
Lot Size 14375 Sq. Ft.
Lot Size Acres 0.33 Ac.
MLS® Number 973382
Listing Brokerage Sutton Group-West Coast Realty (Nan)
Postal Code V9R 5B1
Tax Amount $1,970,000
Tax Year 2024
Amenities Corner Lot

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Chris Carter

Royal LePage Nanaimo Realty

4200 Island Highway N Nanaimo BC V9T 1W6

Mobile: 250-797-4264

Office: 250-797-4264

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