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Main Photo: 1 CLS St in Nanaimo: Na Old City Business for sale : MLS®# 1022552
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
1022552
Amazing Restaurant Opportunity in the Heart of Nanaimo. Although this restaurant has been very profitable, the current owners are relocating the brand and menu to a new location. As such, the leasehold, equipment, and all operational assets are available for purchase by a new owner. The establishment offers seating for nearly 100 guests and presents significant potential under your own brand. The asking price is below the cost of starting from scratch, making this an exceptional opportunity for a buyer with their own concept to step in and benefit from from the improvements & equipment already in place. Restaurant ownership in Nanaimo offers a rewarding lifestyle and the chance to be part of a vibrant and supportive community. Important: Please do not approach the premises without a scheduled appointment and an agent present. All prospective purchasers are required to complete and sign a confidentiality agreement. Opportunities like this below-replacement-cost price—are rare!
Property Type:
Commercial Sale
Type:
Business
Commercial Type:
Business
Lease Type:
Sale of Assets
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Na Old City, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
0 sq. ft.
Taxes:
Ceiling Heights:
Commercial Area:
Fireplace:
No
Pending Date:
Main Level
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Nanaimo
Legal Description:
Units in Building:
Units in Community:
Road Surface Type:
Paved
Business Type:
Restaurant/Bar
Total Units:
Date Listed:
Jan 05, 2026
Original Price:
250000.0
  • Photo 1: 1 CLS St in Nanaimo: Na Old City Business for sale : MLS®# 1022552
    Photo 1 of 1
Listed by Pemberton Holmes Ltd. (Pkvl)
Data was last updated January 9, 2026 at 12:05 PM (UTC)
Area Statistics
Listings on market:
26
Avg list price:
$682,500
Min list price:
$23
Max list price:
$2,850,000
Avg days on market:
86
Min days on market:
2
Max days on market:
625
These statistics are generated based on the current listing's property type and located in Na Old City. Average values are derived using median calculations. This data is not produced by the MLS® system.
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.