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 2024 is approx. $130,000-135,000. (id:4069)
Address
3880 NO. 3 ROAD
List Price
$4,300,000
Property Type
Vacant Land
Area
British Columbia
Sub-Area
Richmond
Lot Size
18212 Sq. Ft.
MLS® Number
C8062035
Listing Brokerage
RE/MAX City Realty
Postal Code
V6X2C1
Zoning
ZC1
Amenities
Street Lighting
