NANAIMO

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Main Photo: 149 Wallace St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 976684
Photo 1: 149 Wallace St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 976684
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Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
976684
Prime Location! Situated downtown Nanaimo, offering excellent potential for businesses seeking a central location. Near government offices and corporate buildings, and adjacent to new multi-family developments, this building is perfectly suited for office, medical, or government use. Previously utilized by a law firm, the space is set up for professional services. The main level features entrances from both Wallace Street and Richards Street, with on-site parking. The second-floor offices are accessible via a private rear staircase, providing flexibility for two separate office spaces or a unified layout, supported by dual meters and heating systems. The full basement, with internal and external access, offers storage options. An ideal opportunity for businesses looking to establish a presence in one of Nanaimo’s most dynamic areas. Currently leased for: Period: November 1, 2024 to April 30, 2024 $3,506,67 per month 1) Additional Rent $1,753,33 per month, subject to Section 3.3
Property Type:
Commercial Sale
Type:
Mixed Use
Commercial Type:
Building
Lease Type:
Sale of Contract
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Na Old City, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
11,756.081 sq. ft.
Taxes:
Building Features:
Parking, Security System
Construction:
Stucco, Wood
Foundation:
Concrete Perimeter
Ceiling Heights:
Floor finish:
Carpet, Hardwood
Total Building Area:
2,639 sq. ft.
Leasable Area:
2,639 sq. ft.
Commercial Area:
Water supply:
Municipal
Sewer:
Sewer Connected
Cooling:
None
Heating:
Baseboard
Fireplace:
No
Pending Date:
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Nanaimo
Legal Description:
Zoning:
DT 3
Units in Building:
Units in Community:
Lot Site Features:
Central Location, Easy Access, Shopping Nearby, Sidewalk
Parking Features:
On Site
Road Surface Type:
Paved
Total Units:
Date Listed:
Sep 19, 2024
Original Price:
1098000.0
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Listed by eXp Realty
Data was last updated October 30, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
35
Avg list price:
$899,000
Min list price:
$23
Max list price:
$4,880,000
Avg days on market:
90
Min days on market:
1
Max days on market:
512
These statistics are generated based on the current listing's property type and located in Na Old City. Average values are derived using median calculations.
JOE SQUIRE

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MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.