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  • 347 Wesley St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 948598

    347 Wesley St Na Old City Nanaimo V9R 3A7
    Main Photo: 347 Wesley St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 948598
    $1,899,998
    Commercial Sale
    Status:
    Active
    MLS® Num:
    948598
    Investment Property Opportunity! Purchase this fully leased building showing a great annual return of $102,000.00 with a Cap rate over 5% at the asking price. With a 5-year lease & options to renew lasting until 2043. The building is situated in Nanaimo’s Vibrant Old City Quarter area and is occupied by one of the city’s most popular award-winning restaurants “Asteras Greek Taverna.” The building was raised and renovated in 1996 with further renovations in 2008 to its current operation. There is a 2-bedroom, 2-bathroom apartment on the top floor which is rented month to month. The building is set back on the lot allowing parking in the front and on the street. The 2-level building is +/- 3405 square feet in size plus a basement storage area. The owner states the roof is newer and is a hands-off operation. “Please do not disturb the tenant and business operation!” Call for further details and information. All measurements and data is approximate and to be verified if important. More details
    DEANA BAUMEL PREC
    MICHAEL PETERSON PREC
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Data was last updated February 24, 2024 at 08:05 AM (UTC)
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.