347 Wesley St, Nanaimo, BC

$1,899,998

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3,405

Square feet

0.12

Acres

About 347 Wesley St

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.

Features of 347 Wesley St

MLS® # 948598
Price $1,899,998
Bathrooms 0.00
Square Footage 3,405
Acres 0.12
Year Built 1912
Type Commercial Sale
Sub-Type Mixed Use
Status Active

Community Information

Address 347 Wesley St
Area Na Old City
City Nanaimo
County Nanaimo, City of
Province BC
Postal Code V9R 3A7

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No

Exterior

Construction Frame Wood

Additional Information

Days on Market 156
Zoning DT2

Listing Details

OfficeRE/MAX of Nanaimo

Listing Map

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