291 Wallace St, Nanaimo, British Columbia

$2,300,000

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About 291 Wallace St

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:6289)

Retail property for sale in Nanaimo, British Columbia at 291 Wallace St.

Features of 291 Wallace St

Listing # 1033639
Price $2,300,000
Bathrooms 0.00
Type Retail
Sub-Type Retail

Community Information: Old City

Address 291 Wallace St
Subdivision Old City
City Nanaimo
Province British Columbia
Postal Code V9R5B4

Amenities of 291 Wallace St

Is Waterfront No
Has Pool No

Interior of 291 Wallace St

Fireplace No
Has Basement No

Additional Information On 291 Wallace St

Zoning Unknown

Listing Details

Office460 Commercial Inc.

Listing Map

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