About This Property
Available for sale is the Rock Cut Development Lands - located at 3052 Nancy Greene Highway (Highway 3B) in Rossland, BC, and representing a premier development opportunity between the iconic RED Mountain Resort (2 mins) and Downtown Rossland (5 mins). Comprising a total of 6.53 acres across two parcels, the Site is efficiently positioned along Highway 3B, featuring an existing access point from Site A (see brochure), with a legal secondary access point also benefiting Site B. Site A is currently improved with The Rock Cut Pub, generating attractive net holding income of +$61,590 for the benefit of a developer. In addition to the existing commercial zoning on the ~0.72-acres of pub lands, the Site offers flexible residential zoning entitlements, including up to +53 townhomes or +106 apartment/hotel units (<50 sqm), and rare commercial short-term rental zoning. RED Mountain has recently repositioned itself with an ambitious expansion plan, both to expand the resort’s recreation and amenity offerings, as well as significant residential development, with multiple new condominium projects demanding pricing in excess of +$1,000 PSF for 1-bedroom units. RED Mountain is located in the West Kootenay region of the BC Interior, representing one of Canada’s top four-season recreational tourism destinations, attracting visitors and investors from all over North America. Prospective purchasers should download the brochure at the link below for more information. (id:64973)
At $750,000 per acre, the Rock Cut Development Lands in Rossland, BC represent a premium price point compared to the city's $300,000 per acre average for similar vacant land. However, the property's strategic location between the renowned RED Mountain Resort and downtown Rossland, coupled with its flexible zoning, make it an attractive option for developers seeking to capitalize on the region's growing tourism and recreational appeal. This large vacant lot is best suited for experienced resort or mixed-use developers with the financial capacity and vision to transform the site into a high-end residential, commercial, or hospitality project that can maximize the property's unique advantages and meet the evolving needs of Rossland's affluent outdoor enthusiasts.
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