920 Nelson Avenue Nelson, British Columbia V1L 2N9

$1,050,000

Available for sale is 920 Nelson Avenue, located in Nelson, BC, a 100% leased +3,627 SF mixed-use building with three industrial units on the ground floor comprising ~3,088 SF, and a second-floor ~539 SF 1-BR residential suite, offering an exceptional opportunity for investors or businesses purchasing for their own use. Centrally located with prominent exposure to vehicle traffic along Nelson’s “Orange Bridge” (Highway 3A), the property offers exceptional brand profile and signage opportunities along Nelson’s busiest commercial corridor, with exposure to +10,000 vehicles per day. Key building features include ceiling heights up to 15.5 foot, front and rear site access, 200 amp three phase power, 3 x overhead loading doors, +/-13 on-site parking stalls, and fenced outside yard storage - collectively creating a highly flexible building suitable for a wide variety of potential industrial or commercial uses. Recent discussions with the City indicate strong potential for the addition of a second-storey with two additional 2-bedroom units and a strata conversion, offering multiple exciting value enhancement opportunities and redevelopment upside. All leases are on a month-to-month basis, maximizing the flexibility for a buyer to increase rents, occupy the space for themselves, or execute a redevelopment strategy. (id:60329)

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https://www.realtor.ca/real-estate/28324314/920-nelson-avenue-nelson-nelson