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:4069)
Address
125 HALL Street
List Price
$2,890,000
Property Type
Other
Type of Dwelling
Other
Transaction Type
Sale
Area
British Columbia
Sub-Area
Nelson
Year Built
1929
MLS® Number
10366041
Listing Brokerage
Bennett Family Real Estate
Postal Code
V1L7B4
