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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:28820)

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

Aerial

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

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Last Updated
November 29 2023 10:52:25

Data Provider
Real Estate Board Of Greater Vancouver

Listing Office
Globus International Real Estate Inc.

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