45 Government Road Nelson, British Columbia V1L 4L9

$8,400,000

A rare opportunity to develop potential mixed-use residential condo or short-term rental and commercial space in Nelson - one of regional BC's strongest residential and tourism markets. Currently under construction with "lock up" recently achieved, the building comprises +30,400 SF of gross floor area, with additional as-of-right density potential of +8,100 SF. With residential rezoning in progress, the site offers potential for +36 residential units with complementary retail and office space in a market where sales of premium 1BR condo units have reached +$700,000. The proposed building offers best-in-class features and amenities, including pre-cast modular concrete construction, +53 parking stalls, +10'-5 1/2" "slab to slab" heights, at-grade shipping and receiving, 600 amp three phase power, building elevator with freight capacity, exceptional tenant signage and branding opportunities along Government Road, and a potential rooftop patio with 360-degree lake and mountain views. With +140 residential units projected to be delivered in Railtown over the next 10 years, a proposed extension of Baker Street to connect with Government Road, multiple "brick and beam" style buildings, and attractive recreational amenities including Cottonwood Falls Park, Railtown is expected to become one of Interior BC's most exciting places to live, work and play. The potential for 100% industrial or commercial use will remain available until the rezoning is approved. For access to the confidential online data room, a completed NDA is required. (id:10518)

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https://www.realtor.ca/real-estate/25329720/45-government-road-nelson-nelson