30 Front St - Office FOR SALE


Nanaimo, BC V9R 5H7
$1,600,000 CAD
236-362-0971
30 Front St, Nanaimo, BC for Sale
$1,600,000 CAD
Office - FOR SALE
1/12
null | 7.5% Cap Rate

30 Front St
Nanaimo, BC V9R 5H7


HIGHLIGHTS

  • Located in the downtown historic, waterfront area of the city
  • Benefits from ongoing development and revitalization of the core area
  • Easy access to downtown Vancouver by floatplane or walk-on ferry

OVERVIEW

30 Front Street is an iconic office building located along the waterfront centre of Nanaimo, offering captivating ocean views. Facing the iconic century old courthouse, this building remains as a long-standing home for lawyers and related professionals. This historic building has been known by the name of the prestigious firms who have tenanted the building.The building provides 9,760 square feet of office area spread across 3 ½ floors, Street front provides two levels, with two additional floors below the street following the slope of land towards the water. Both lower levels have east-facing windows. The walkout lower floor has patio-doors. This is an ideal investment property for an owner who can benefit from upside demising and modernizing of the interior to gain full market lease rates. Alternatively, an Owner/ Occupier gains increasing value of revitalization of the downtown area and potential lease income.

FOR SALE DETAILS

PRICE

$1,600,000 CAD

PRICE/SF

$164 CAD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

30 Front Street

PROPERTY TYPE

Office

ADD'L SUBTYPES

undefined, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

C

YEAR BUILT

1927

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

4,000 SF

ZONING

Downtown 5

APN/PARCEL ID

002-806-592

ASK ABOUT THIS PROPERTY

Randall TaylorNAI Commercial (Victoria) Inc.More Info
236-362-0971

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Randall TaylorNAI Commercial (Victoria) Inc.More Info
236-362-0971

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