OLD CITY - DOWNTOWN LISTINGS

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175 & 199 Fraser St
Na Old City Nanaimo V9R 5C1

$1,550,000
Commercial Sale

Main Photo: 175 & 199 Fraser St in Nanaimo: Na Old City Retail for sale : MLS®# 962223
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
962223
Over 10,000 SF of under utilized building included with iconic family-run restaurant located in Nanaimo in business over 35 years with loyal customer base! 120 Seats plus extended patio. Liquor license and full commercial kitchen and equipment to handle high volume catering. Winner of numerous awards and featured on TV food shows, and various vloggers. The original owners are ready to retire. This is a fantastic opportunity to run an established business and build equity on a great holding property with two titles. Turn-key operation with plenty of upside potential. Lots of redevelopment in the area. Please do not approach staff. Vendor financing possible
Property Type:
Commercial Sale
Type:
Retail
Commercial Type:
Building
Lease Type:
Sale of Assets
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Na Old City, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
19,462 sq. ft.
Taxes:
Ceiling Heights:
Total Building Area:
10,800 sq. ft.
Commercial Area:
Subdivisable Area:
Yes
Fireplace:
No
Pending Date:
Equip/Machinery, Fixtures, Goodwill, Leasehold Improvements, Parking, Real Estate, Supplies, Trade Name(s), See Remarks
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:
DT4
Units in Building:
Units in Community:
Occupancy:
Partially Occupied
Parking Features:
On Site
Total Units:
Date Listed:
Apr 24, 2024
Original Price:
1750000.0
  • Photo 1: 175 & 199 Fraser St in Nanaimo: Na Old City Retail for sale : MLS®# 962223
    Photo 1 of 1
Listed by Sutton Group West Coast Realty W Broadway
Data was last updated December 9, 2024 at 06:05 AM (UTC)
Area Statistics
Listings on market:
28
Avg list price:
$897,000
Min list price:
$23
Max list price:
$4,500,000
Avg days on market:
74
Min days on market:
7
Max days on market:
304
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.
DEANA BAUMEL PREC
MICHAEL PETERSON PREC
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.