12240 2nd Ave - Storefront FOR SALE


Richmond, BC V7E 3A3
$8,999,000 CAD
604-662-5147
12240 2nd Ave, Richmond, BC for Sale
$8,999,000 CAD
Storefront - FOR SALE
1/11
null | Request Cap Rate

12240 2nd Ave
Richmond, BC V7E 3A3


HIGHLIGHTS

  • Fully leased retail property generating stable cash flow from nine established tenants.
  • Prominent corner frontage within Steveston Village, one of Richmond’s most visited waterfront areas.
  • Directly across from Fisherman’s Wharf, ensuring year-round pedestrian visibility.
  • Located along the primary retail corridor that attracts both local residents and a steady stream of visitors.
  • Opportunity for long-term income growth supported by ongoing neighborhood development and tourism.
  • Zoning accommodates a range of commercial uses, adding operational flexibility.

OVERVIEW

Presenting an exceptional opportunity to acquire a fully tenanted retail investment property in the heart of the Steveston Village waterfront district. Located at 12240 Second Avenue, this property comprises nine retail units totaling approximately 7,060 square feet on a 7,095 square foot parcel. Designed to provide investors with stable income, the offering is supported by a diverse mix of tenants across essential service and lifestyle-oriented categories. Strategically positioned on a prominent corner along Steveston’s main retail corridor, the property delivers maximum frontage and accessibility. Its high-visibility location directly across from Fisherman’s Wharf ensures strong pedestrian traffic and sustained leasing demand. The steady in-place cash flow is complemented by the potential for future revenue growth, driven by the area’s popularity and continued residential and tourism expansion. This offering is enhanced by its proximity to vibrant local attractions, dining options, marina services, and recreational amenities, all of which reinforce the asset’s long-term investment appeal. Contact the listing team for financial details including Net Operating Income (NOI).

FOR SALE DETAILS

PRICE

$8,999,000 CAD

PRICE/SF

$1,275 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,095 SF

ZONING

CS2

APN/PARCEL ID

015-004-511

ASK ABOUT THIS PROPERTY

Steve BrookeCBRE, LimitedMore Info
604-662-5147

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Steve BrookeCBRE, LimitedMore Info
604-662-5147

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.