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Baker Street Lot# 1 & 6 Nelson, British Columbia V1L 4L9

Acreage

$5,700,000

A rare opportunity to acquire the last large-scale mixed-use development site in Nelson's downtown core. The Railtown Development Lands comprise approximately 4.55 acres with flexible C4 zoning (Mixed-Use Core), permitting a broad mix of residential, commercial, retail, office and hospitality uses with building heights of up to 20 metres or 6 storeys. Positioned at the west end of Baker Street, the property offers the opportunity to extend Nelson's vibrant Baker Street into the city's emerging Railtown District. Preliminary development concepts contemplate up to +300,000 SF of buildable density, including a grocery store, hotel, apartment rental/condo units, and +30,000 SF of complementary commercial space. Nelson continues to experience a thriving tourism economy with strong hotel occupancy rates and ADR's, exceptionally strong grocery sales, minimal commercial vacancy with strong rent growth, and near-zero residential rental vacancy - a marked outlier in the current Canadian context. Surrounded by established businesses, restaurants and amenities, this is a community-defining development opportunity in one of British Columbia's fastest-growing regional markets. Flexible seller financing or potential partnership opportunities may be available for qualified parties. Download the brochure at the link below for more information. (id:65196)

Property Details

MLS® Number 10394967
Property Type Vacant Land
Neigbourhood Nelson
Road Type Paved Road

Building

Type Other
Utility Water Municipal Water

Land

Acreage Yes
Current Use Development Commercial
Size Irregular 4.55
Size Total 4.55 Ac|1 - 5 Acres
Size Total Text 4.55 Ac|1 - 5 Acres

Utilities

Electricity At Lot Line
Water At Lot Line

https://www.realtor.ca/real-estate/30044483/baker-street-lot-1-6-nelson-nelson

Contact Us

Contact us for more information

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Tristan Chart
Personal Real Estate Corporation

(250) 777-7493
www.tristanchartcommercial.com/
www.facebook.com/tristanchartcommercialrealty
www.linkedin.com/in/tristanchart/
www.instagram.com/tristanchartcommercialrealty/

Royal LePage Kelowna
#1 - 1890 Cooper Road
Kelowna, British Columbia V1Y 8B7

(250) 860-1100
(250) 860-0595
royallepagekelowna.com/

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