HISTORIC MIXED-USE INVESTMENT & OWNER-OCCUPIER OPPORTUNITY
446 BAKER STREET | NELSON, BC
2,170,000.00
The Opportunity
RLK Commercial is pleased to present 446 Baker Street, a historic three-storey mixed-use building on Baker Street – widely regarded as one of the BC Interior’s most electric downtown atmospheres, combining big-city amenities, entertainment and dining options, with an authentic small-town charm. The building combines a prominent street-front retail tenancy (Maison), basement commercial space (Heavy Chevy Haircuts & Vintage Clothing), flexible second-floor office and studio space, and two third-floor residential suites.
The property offers flexible leases (all month-to-month), combined with significantly below market rents and multiple income sources, offering a diverse income stream and an exciting opportunity for an investor or owner-occupier to realize exciting upside through bringing rents to market. Two 2-bedroom upper floor residential units featuring 2018 construction, and an exposed brick and beam design with skylights and up to ~13’ ceilings further support the property’s stable income stream. The property is being offered on an ‘as is, where is’ basis.
Property Details
Property Type: |
Residential Commercial Mix |
Address: |
446 BAKER STREET | NELSON, BC |
Leasable Area: |
8,995 SF |
Total Building Size: |
Approx. 10,800 SF gross |
Year Built: |
1901 |
Land Area: |
0.0837 acres |
Zoning: |
C1 – Core Commercial / Mixed Use Core |
Parking: |
1 with access from the laneway |
Presented By
Tristan Chart PREC*
250.777.7493
tristan@tristanchartcommercial.com
Property Details
| Legal Description | Lot 5 and Parcel A (see 94976) of Lot 4, Block 10, Plan NEP950, District Lot 95, Kootenay Land District |
| PIDs | 013-638-629 and 013-638-653 |
| Site area | 3,648 SF / 0.0837 acres |
| Configuration | Main-floor retail; basement commercial + storage; second-floor commercial; two third-floor residential suites |
| Net Income In Place (Projected) |
$91,581 ($145,416) |
| Asking price | $2,170,000 ($241 PSF) |
