291 Wallace St, Nanaimo BC V9R 5B4
$2,300,000
00
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.
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$2,300,000
For Sale
1 / 9
291 Wallace St, Nanaimo BC V9R 5B4
Nanaimo, BC V9R 5B4
MLS® #1033639
460 Commercial Inc.
0beds
0baths
Property Details
Wallace St Market Report
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View Wallace St Market ReportDescription
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.
Listing History
Members Only
Dallas King
Personal Real Estate Corporation
RE/MAX Generation
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Location & Community
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Prepared Buyer Program
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~$13,000
* Estimated. Actual Premium confirmed per transaction prior to your first offer.
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