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$ 2,890,000
Est. payment | /mo
$ 2,890,000
Est. payment | /mo
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Nelson
MLS® Listing ID 10366041
Year Built 1929
Source Association of Interior REALTORS®
Property Description
A premier investment opportunity awaits with The Gateway Building, a substantial 13,350 sq ft commercial asset on a 19,875 sq ft lot in prime Nelson, BC. Strategically located on one of the busiest intersections in the city, this landmark property guarantees maximum exposure to both high vehicle and pedestrian traffic—a critical feature for sustained commercial success. Zoned Core Commercial (C1), the property offers flexibility for various uses and exceptional long-term development potential. Investors will secure immediate, stable cash flow from an established, diverse tenant base, which currently includes an opticians, a thriving furniture and home decor store, a popular local brewery and office spaces. The building features nine fully occupied units: four large ground-level retail/service spaces and five professional upstairs offices, ensuring a well-diversified and reliable income stream that mitigates vacancy risk. Crucially, The Gateway Building boasts a large private parking lot with over 15 spaces—a near impossibility to find in Nelson's downtown core—providing a massive competitive advantage for tenants and convenience for customers. This well-maintained commercial hub offers a unique chance to acquire a strategic, high-visibility asset with a robust income and significant upside potential in one of the Kootenays' most dynamic markets. Secure this vital piece of Nelson's commercial landscape! (id:24570)
Location
Province BC
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 15
Private Pool No
Building
Sewer Municipal sewage system
Listed by Bennett Family Real Estate
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