LANDMARK HOTEL PUB AND RESTRAUNT, LAND AND BUILDINGS INVESTMENT OPPORTUNITY, LOCATED IN THE OLD CITY QUARTER OF NANAIMO DOWNTOWN , BUILT IN 1892 . A POPULAR DESTINATION SINCE THE LATE 1800'S, BEAUTIFULLY RESTORED IN THE LAST FEW YEARS INCLUDING STRUCTURAL UPGRADES, THE PROPERTY IS BEING OFFERED AS A COMMERCIAL INVESTMENT WITH AN EXCELLENT LEASE BACK TO THE PUB AND RESTAURANT. THE PUB RESTAURANT IS LICENSED FOR 117 SEAT, 2ND LEVEL IS UNDEVELOPED IS AWAITING YOUR IDEAS. THE LARGE LOT IS OVER 10,000 SQ FEET ALLOWS FOR FUTURE EXPANSION BEHIND THE HOTEL FOR COMMERCIAL MULI-FAMILY MIXED USE WITH GRADE LEVEL PARKING BELOW THE EXPANSION BUILDING.
Property Type:
Commercial Sale
Type:
Mixed Use
Commercial Type:
Building
Year built:
1892
(Age: 133)
Lease Type:
Assignment of Lease
Listing General Location:
Na Old City, Nanaimo
Bathrooms:
-
(Full:-/Half:-)
Lot Size:
10,631 sq. ft.988 m2
Lot Details:
67.5x157.5
Taxes:
$20,196.94 /
2024
Construction:
Brick, Frame Wood, Stucco
New Construction:
No
Foundation:
Concrete Perimeter
Floor finish:
Vinyl
Leasable Area:
8,850 sq. ft.822 m2
Commercial Area:
Not Applicable
Water supply:
Municipal
Sewer:
Sewer Available
Cooling:
HVAC
Heating:
Hot Water
Fireplace:
No
Pending Date:
Apr 10, 2025
Date Sold:
May 01, 2025
Sign: Lighted
Main Level
0
Yes
No
Unrestricted
Assessed:
1174000.0
Assessment year:
2025
Jurisdiction name:
City of Nanaimo
Legal Description:
LOT 2, BLOCK 33, PLAN VIP584, SECTION 1, NANAIMO LAND DISTRICT, EXC PCL A OF LOT 2 (DD14222N)
LOT 3 BLOCK 33 PLAN VIP584 SEC 1 NANAIMO LAND DISTRICT PID's: 002-605-805 & 002-605-699