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$ 1,795,000
Est. payment | /mo
7,007 Sqft Lot
$ 1,795,000
Est. payment | /mo
7,007 Sqft Lot
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Old City
MLS® Listing ID 1013945
Lot Size 7,007 Sqft
Acres 7007.0
Property Sub-Type Freehold
Source Victoria Real Estate Board
Property Description
Acquire a stabilized investment property in the heart of Nanaimo's Old City District. Situated prominently on the southeast corner of Cavan Street and Albert Street, this property is fully leased to Doane Grant Thornton LLP, providing secure income with a 5.10% cap rate. The current lease term runs until September 2026. Originally constructed in 1949 by the Provincial Government, the building is a distinguished example of Streamline Moderne architecture and carries Heritage designation, underscoring its historical significance. Ample pay or permit parking available in 2 adjacent lots. (id:24570)
Location
Province BC
Zoning Unknown
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Private Pool No
Others
Ownership Freehold
Listed by RE/MAX Camosun
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Kim Avery
Agent
67 Valley Ridge Green NW. Calgary, AB. T3B 5L5, Calgary, Alberta, T3B 5L5, CAN