Salehian.com 647-325-5000

291 Wallace St

Old City, Nanaimo, BC, V9R5B4

Listed by 460 Commercial Inc.

$2,300,000

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  • 6276 sq ft

Listed 175 days ago · MLS® 1033639

About this home

Excellent opportunity to acquire a multi-tenanted retail investment at the gateway to Nanaimo’s historic Gallery Row. The Property comprises two adjacent titled lots improved with a predominantly single-storey retail building, offering strong street exposure and a diverse tenant mix. The asset provides stable in-place income with additional upside through lease-up of one vacant unit. Located within a vibrant downtown node, the Property benefits from consistent pedestrian activity and is supported by significant nearby residential developments, including a 195-unit and a 163-unit project. The building is listed on the City of Nanaimo Community Heritage Register, contributing to the character of the Old City Quarter. Offered at $2,300,000, reflecting an approximate 5.69% stabilized cap rate. Further information available upon execution of a confidentiality agreement. (id:66966)

Details

Type
Retail
Size
6276 sq ft
Property tax
$8,323
Neighbourhood
Old City
Municipality
Nanaimo

Interior

Fireplace
No

Building and exterior

Building area
6,276 square feet

Location

Location is approximate. See nearby homes on the map

Listed by 460 Commercial Inc..

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