95 Government Rd - Railtown Development Lands 4.55 Acres of Commercial Land Offered at $5,700,000 CAD in Nelson, BC V1L 4L9

RLK Commercial is pleased to offer for sale the “Railtown Development Lands” in Nelson, BC (the “Property” or “Site”), a fully-zoned, community-defining development opportunity anchoring the west end of Baker Street in Nelson’s historic “Railtown District”, and representing the last remaining development opportunity of meaningful scale in Nelson’s downtown core. The Site offers ±4.55 acres of land area and C4 (Mixed-Use Core Railtown) zoning, which accommodates a highly flexible mix of commercial and residential uses and allowable building heights of up to 20 metres or 6 storeys. Baker Street is well known as one of the most desirable boutique shopping districts in southern BC, with near-zero vacancy and strong leasing demand. Nelson itself is also well known as one of BC’s hottest tourism and residential markets, highlighted by a highly lucrative short-term rental market, out-performing residential market rental rates, and strong market average hotel occupancy rates in the +/-65% PROPERTY DETAILS Location West end of Baker Street, Nelson, BC PID 012-588-211, 012-588-539 Legal Description Lots 1 and 6, District Lots 95, 304 and 2627, Kootenay District, Plan 12245, with Lot 1 excepting parts included in Plans 14847 and 15774 Asking Price $5,700,000 Site Area +/-4.55 acres Zoning Class C4 - Mixed-Use Core (Railtown) Max. Height 20 metres or 6 storeys ESTIMATED DENSITY POTENTIAL Height ~6 storeys No. of Units +/-240 Residential GFA +/-210,000 Commercial GFA +/-90,000 Total GFA +/-300,000 Parking Count 310 stalls HIGHWAY 3A GOVERNMENT ROAD BAKER STREET NEW 39 UNIT APARTMENT NEW 44 UNIT APARTMENT 55-UNIT APARTMENT UNDER CONSTRUCTION RAILWAY STATION MEATS & DELI with average ADR’s for downtown hotel options exceeding well over $300 in summer months. The Railtown Development Lands sit at the heart of “Railtown,” and offer an exciting mixed-use development concept including an estimated +/-300,000 SF of total density including +240 units with up to 6 storeys, a grocery anchor, and +30,000 SF of complementary commercial space. As the last remaining opportunity to extend the Downtown Core via Baker Street, the Railtown Development Lands offers developers a generational opportunity to create a dynamic new mixed-use neighbourhood at the heart of Nelson - one of BC’s fastest-growing regional markets.
The Property is being offered free and clear of financing. Seller financing or partnership opportunities may be available to qualified parties. Please contact the listing agent for details