$1,550,000

Est. payment - /mo

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0.45 Acres Lot

Active

175 & 199 Fraser St Nanaimo, BC V9R 5C1

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Kyle Kerr

kyle@initiumre.com +1(250) 818-5595

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Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID 962223

Rental Info Unrestricted

Annual Tax Amount $27,503

Tax Year 2023

Lot Size 0.450 Acres

Acres 0.45

Property Sub-Type Retail

Property Description

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

Location

Province BC

County Nanaimo, City Of

Area Na Old City

Zoning DT4

Interior

Inclusions Equip/Machinery, Fixtures, Goodwill, Leasehold Improvements, Parking, Real Estate, Supplies, Trade Name(s), See Remarks

Exterior

Parking On Site 1

Others

Restrictions Easement/Right of Way

Tax ID 001-524-348

Ownership Freehold

Acceptable Financing Seller May Carry

Listing Terms Seller May Carry

Listed by Sutton Group West Coast Realty W Broadway

I have bought a house with Kyle Kerr as my realtor and it was a smooth professional experience. I specifically like working with a realtor like him who responds fast and communicates clearly to any questions I have promptly. He was also my realtor for the sale of my condo recently and the photographer was great and I had wonderful pictures. It sold above listing price within a day and his staff were also in contact to assist in this transaction

+1(250) 818-5595

info@initiumre.com

505 Dalton St, Victoria, V9A, 4B1