3880 No 3 Rd - Retail FOR SALE


Richmond, BC V6X 2C1
$4,300,000 CAD
604-789-6405
3880 No 3 Rd, Richmond, BC for Sale
$4,300,000 CAD
Retail - FOR SALE
1/7
null | 3% Cap Rate

3880 No 3 Rd
Richmond, BC V6X 2C1


HIGHLIGHTS

  • 148' of frontage along No. 3 Rd

OVERVIEW

Stabilized FREEHOLD INVESTMENT opportunity along Richmond's Golden Corridor! 18,212 sq.ft lot with 148' of frontage along No. 3 Rd and across the street from Aberdeen Station on the Canada Line. OCP designated for high density (up to 3.0 FSR) as part of "Aberdeen Village Urban Centre T5", zoned for a wide range of COMMERCIAL uses. Land is currently leased long term (68 remaining years) to the Radisson Hotel and partially subletted to BMO. Purchaser to assume the existing triple net lease (including multiple escalation clauses) providing a stable return while owning a prime parcel for future redevelopment. The yearly net income for 2024 is approx. $130,000

FOR SALE DETAILS

PRICE

$4,300,000 CAD

PRICE/SF

$236 CAD /SF

CAP RATE

3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

ZC1

APN/PARCEL ID

017-682-550

ASK ABOUT THIS PROPERTY

Garrett ChuRE/MAX City RealtyMore Info
604-789-6405

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Garrett ChuRE/MAX City RealtyMore Info
604-789-6405

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.