Fort Nelson Hotel Fort Nelson, BC
Property Facts & Highlights
- Price reduced again!
- Court Ordered Sale
- 17 titles occupying two city blocks
- 11.5 acres of land directly within the centre of town.
- Commercial tenants including a National Bank
- Hotel and Motel
- Six Townhomes and 30 MHP pads
This is the Court Ordered sale offering of the Fort Nelson Hotel. Almost two full city blocks and 17 separate land titles. Includes full service hotel, motel, commercial retail units, stand-alone bank building (Scotiabank), mobile home park, townhouse units and vacant land for development.
Front and center location on the Alaska Highway with extensive frontage and lots of parking. Excellent opportunity to operate and take advantage of favorable zoning for future development. Offered at well below the gross assessed value (2017) of just under $3.8 million.
Click here to view the property on the Multiple Listing Service
Property in detail
Occupying two city blocks, the Fort Nelson Hotel is situated in a prime location, with significant frontage along the Alaska Highway (Highway 97). Fort Nelson, located in northeastern British Columbia, is a popular stopover destination for those traveling between British Columbia, Alaska and Yukon on the world renowned Alaska Highway.
The Fort Nelson Hotel provides an excellent opportunity for either a passive investor or a hotel operator. Given the configuration of the property, the number of titles, and the varied uses, the opportunity to retain the entire site or subdivide off components adds considerable flexibility.
A Receiver has been appointed and is operating the hotel. Some financial details are available, please contact the Agents. Overall facility is in need of renovations. A full information package is available.
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Northern Rockies Regional Municipality
The Northern Rockies Regional Municipality (NRRM) combines the former entities of the Town of Fort Nelson and the Northern Rockies Regional District, and encompasses approximately 10% of the province of British Columbia's landmass (85,148.87 square kilometers). The area consists mostly of remote mountainous and forest areas
A vibrant community in the northeast of the province, the area is known for its abundance of natural resources, including lush mixed forests, natural gas development and some of the most rugged landscape in all of British Columbia. The region contains the Muskwa-Kechika, a wilderness management area the size of Ireland. Regional wildlife includes mountain goats, bison, moose, elk, caribou, wolves, coyotes, grizzly bears, black bears, lynx, and wolverines, to name a few. Agriculture, oil and gas services, and tourism are among the main economic drivers of the area.
Though all communities in the NRRM experience all four seasons, much of the region's land is in the North Rocky Mountains, and â€œtypicalâ€ mountain weather (warm summer days with cool nights, and significant snowfall in the winter) is the norm for these mountain communities. Other areas, such as Toad River, Tetsa River, and Munch Lake, experience milder weather, with slightly warmer winters and cooler summers.
As the only municipality within the NRRM, Fort Nelson serves as the region's administrative centre. The area was initially established in the early 19th century as a North West Company fur trading post. Today, Fort Nelson has a population of approximately 4,500 residents, with over 1,500 additional residents living in the surrounding area, including the Fort Nelson First Nations reserve. The population inflates with seasonal residents in the winter months, working in drilling rig activities. Many tourists also visit the area in the summer months, as a stopover destination for tourists en route to Alaska and the Yukon.
At an elevation of 1,383 feet, Fort Nelson experiences a typically dry and cold climate. In the winter months, the average temperature is -18Â°C, though it can drop as low as -40Â°C. In the summer months, 15.5Â°C is the average temperature, with highs in the 30's.
Fort Nelson is home to the Fort Nelson Airport, the Fort Nelson Heritage Museum, the Canadian Open Dog Sled Races, the Fall Fair and Rodeo, and various other attractions and events.
The Fort Nelson Hotel property is located in the centre of town and is bordered by the Alaska Highway, 51st Street, 52nd Avenue West, and 54th Street. The hotel, pub, free standing retail space and cafe face the Alaska Highway, while the Mobile Home Park sits further back on the property, facing 52nd Avenue West. The motel is located on the southwest corner of the property. The property is in the vicinity of many other shops and services located in the downtown area, including banks, gas stations, the town square, super markets, and museums.
Although the property technically consists of two city blocks, it is presently configured as a single block. An easement for an access road is registered on title but no road currently exists.
The property has driveways off of 50th Avenue North, 51st Street, 52nd Avenue West, and 54th Street. 54th Street is accessible via the Alaska Highway, a popular route for those travelling to and from Alaska and the Yukon. Two lanes traverse the property, creating ample access to all areas of the property.
5110 50 Avenue North, Fort Nelson, BC
The property consists of seventeen titles.
011-112-930: Lot 1, Block 2 District Lot 1583, Peace River District, Plan 18361
011-096-497: Lot 2, Block 2 District Lot 1583, Peace River District, Plan 18361
011-096-501: Lot 3, Block 2 District Lot 1583, Peace River District, Plan 18361
011-096-519: Lot 4, Block 2 District Lot 1583, Peace River District, Plan 18361
011-096-535: Lot 5, Block 2 District Lot 1583, Peace River District, Plan 18361
011-096-551: Lot 6, Block 2 District Lot 1583, Peace River District, Plan 18361
011-096-292: Lot 7, Block 2 District Lot 1582, Peace River District, Plan 18361
011-096-314: Lot 8, Block 2 District Lot 1582, Peace River District, Plan 18361
011-096-331: Lot 9, Block 2 District Lot 1582, Peace River District, Plan 18361
011-096-349: Lot 10, Block 2 District Lot 1582, Peace River District, Plan 18361
011-096-357: Lot 11, Block 2 District Lot 1582, Peace River District, Plan 18361
011-092-092: Lot 12, Block 2 District Lot 1582, Peace River District, Plan 18361
011-092-114: Lot 13, Block 2 District Lot 1581, Peace River District, Plan 18361
011-092-131: Lot 14, Block 2 District Lot 1581, Peace River District, Plan 18361
011-092-157: Lot 1, Block 3 District Lot 1583, Peace River District Plan 18364
012-888-150: Block A, District Lot 1581, Peace River District Except Plan 18361
012-888-141: District Lot 1582 Peace River District, Except Plan 18361
012-888-133: District Lot 1583, Peace River District, Except Plan 18361
Total Size (Acres) 11.5
The subject property is zoned Commercial Core (CC). This zoning designation is intended to concentrate major commercial activities in a central location. Principal uses that are permitted in the CC zoning are: coffee shop; commercial recreation; community service; cultural use; eating establishment; hotel; Laundromat and dry cleaning; licensed establishment; liquor store; mixed commercial/residential use; person services establishment; professional, financial, office, and business support service; public use; retail store; service and repair shop.
The maximum lot coverage is 85%. Limits are in place for minimum lot dimensions, setbacks, building heights, parking requirements, etc. A copy of the zoning bylaw is included in Appendix B.
The Fort Nelson Hotel property includes a range of improvements and businesses. These include:
Fort Nelson Hotel
The Fort Nelson Hotel is a two storey wood frame building with 100 guest rooms and a 220 seat pub. Amenities include a swimming pool in the interior court and full commercial kitchen facilities. The main and upper floors of the building consist of 72,386 square feet, while the basement is 11,741 square feet.
The hotel was constructed in 1963 and exhibits some functional and physical depreciation. Upgrading to the rooms and facilities would be required to compete with newer facilities.
The motel is a two-storey west-facing building featuring 34 units, with a laundry area in the basement. Each motel unit includes kitchen facilities. The total area of the building, not including the basement, is 15,312 square feet.
Free-Standing Retail Building
The 3,900 square foot free-standing retail building is located on the southwest corner of the site and is currently occupied by Scotia Bank.
Mobile Home Park
The Mobile Home park is situated on the northern portion of the property, away from the main hospitality oriented improvements. There are approximately 30 pads. Renters own their individual homes.