3880 NO. 3 ROAD, Richmond, British Columbia, V6X 2C1

$4,300,000

MLS® # C8062035

Vacant Land For Sale In Richmond, British Columbia

$4,300,000

Property Information:

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. (id:27)

Building Features:

  • Amenities: Street Lighting

Property Features:

  • Property Type: Vacant Land
  • Farm Type: Other
  • Lot Size: 18212.00 Square Feet
  • Utility Type: Water - At Lot Line
  • Zoning: ZC1

Courtesy of: RE/MAX City Realty

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

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