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Sean Carrie

sean.carrie@engelvoelkers.com +1(250) 884-3498

$ 1,550,000

Est. payment -/mo

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Price Dropped by $100K

175 & 199 Fraser St Nanaimo, BC V9R 5C1

0.45 Acres Lot

UPDATED:

10/10/2024 04:20 PM

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 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 Nanaimo

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

Pets Allowed Yes

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

MORTGAGE CALCULATOR

Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.

Sean Carrie

Advisor

+1(250) 884-3498

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