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3880 No 3 Road Richmond, British Columbia V6X 2C1

$4,300,000

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 both 2023 and 2024 is $130,000 per annum. (id:46515)

Property Details

MLS® Number C8055448
Property Type Vacant Land
Farm Type Other

Building

Amenities Street Lighting

Land

Acreage No
Size Irregular 18212
Size Total 18212 Sqft
Size Total Text 18212 Sqft
Zoning Description Zc1

Utilities

Water At Lot Line

https://www.realtor.ca/real-estate/26240085/3880-no-3-road-richmond

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Contact us for more information


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Garrett Chu
Personal Real Estate Corporation

(604) 728-2845
www.fraserelliott.com

The Firm Real Estate Services Ltd.
#101 - 4755 51 Street
Delta, British Columbia V4K 2W2

(604) 728-2845
www.fraserelliot.com

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