291 Wallace St - Retail FOR SALE


Nanaimo, BC V9R 5B4
$2,300,000 CAD
250-591-4601
291 Wallace St, Nanaimo, BC for Sale
$2,300,000 CAD
Retail - FOR SALE
1/12
null | Request Cap Rate

291 Wallace St
Nanaimo, BC V9R 5B4


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,300,000 CAD

PRICE/SF

$366 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

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SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1935

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Leslie Kaardal460 Commercial IncMore Info
250-591-4601

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Leslie Kaardal460 Commercial IncMore Info
250-591-4601

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.