Introducing an unparalleled investment opportunity in downtown Nanaimo! This fully occupied building, with most tenants having long-term leases, including an anchor tenant, the walk-in clinic, secured until 2030, generates over $150k in net profit annually. The diverse mix of tenants includes a pharmacy, physiotherapist, sleep clinic, CPA office, and art studio. Situated at the heart of Nanaimo's downtown center and with a 7-level apartment building under construction across the street, the potential for growth is immense. Benefit from stable income streams and tap into the future synergy with neighboring residents. With the rising demand for downtown residential properties, consider the possibility of transforming this property into coveted condominiums. Whether you're an investor seeking stability or an entrepreneur with a vision, this property offers an unparalleled opportunity. All measurements are approximate, to verify if important.
Data was last updated November 23, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
31
Avg list price:
$949,900
Min list price:
$23
Max list price:
$4,880,000
Avg days on market:
66
Min days on market:
2
Max days on market:
536
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.