3880 No. 3 Road, Richmond, British Columbia V6X 2C1

Listed for:

$4,300,000

0 beds

0 baths

Listed 5 days ago

3880 No. 3 Road, Richmond, British Columbia V6X 2C1

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About

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 (67 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 2025 is approx. $135,000. (id:27476)

Property Highlights

MLS® Number

C8071413

Type

Vacant Land

Land Size

18212 sqft

Building

Amenities

Street Lighting

Fireplace Present

Basement Type

Basement Features

Building Heating Type

Heating Fuel

Building Cooling Type

Location

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Listing provided by:

RE/MAX City Realty

MLS® number:

C8071413

Agent:

Garrett Chu

Phone:

(604) 789-6405

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