291 Wallace St, Nanaimo BC V9R 5B4

291 Wallace St, Nanaimo BC V9R 5B4 - Retail for Sale in Nanaimo, BC

This 0 bedroom, 0 bathroom retail is listed for sale at $2,300,000 in Nanaimo, British Columbia.MLS® #1033639.

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.

Looking for homes for sale in Nanaimo? Browse Nanaimo real estate listings,commercial sale properties, and Vancouver Island homes on IslandSold.com. Located in the Na Old City neighborhood. Part of the Nanaimo area.