3880 No. 3 Rd - Commercial LAND FOR SALE


Richmond, BC V6X 2C1 18,212 SF
$4,300,000 CAD
604-789-6405
3880 No. 3 Rd, Richmond, BC for Sale
$4,300,000 CAD
Commercial LAND - FOR SALE
1/8
18,212 SF

3880 No. 3 Rd
Richmond, BC V6X 2C1


HIGHLIGHTS

  • Land is currently leased long term (67 remaining years) to the Radisson Hotel

OVERVIEW

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. (36797935)

FOR SALE DETAILS

PRICE

$4,300,000 CAD

PRICE/ACRE

$10,284,867/AC

PRICE/SF

$236 CAD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial

LAND ACRES

0.42 AC

LAND SF

18,212 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

ZC1

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Garrett ChuRE/MAX City RealtyMore Info
604-789-6405

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Garrett ChuRE/MAX City RealtyMore Info
604-789-6405

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