27
$5,700,000 Sale
Listed 88 days ago
Baker Street Lot# 1 & 6
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Key Facts
Key facts for Baker Street Lot# 1 & 6
Property Type
Lots/Land
Parking
Garage: No, 0 parking
MLS #
10394967
Size
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Basement
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Listed on
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Lot size
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Tax
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Days on Market
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Year Built
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Maintenance Fee
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Description
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 w...ith 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:10452)
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Listing courtesy of: Royal LePage Kelowna
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