8320 Alexandra Rd - Restaurant FOR SALE


Richmond, BC V6X 1C4
$14,880,000 CAD
778-995-8086
8320 Alexandra Rd, Richmond, BC for Sale
$14,880,000 CAD
Restaurant - FOR SALE
1/3
null | Request Cap Rate

8320 Alexandra Rd
Richmond, BC V6X 1C4


HIGHLIGHTS

  • Exceptional investment & redevelopment opportunity
  • Prime location on Richmond’s famous “Food Street”
  • Large 31,209 SF lot with standalone commercial building
  • Approx. 5,262 SF main floor + 1,056 SF mezzanine office
  • 53+ on-site parking stalls
  • Leased to successful hotpot restaurant ($220K+ net income/year)

OVERVIEW

Exceptional Investment Opportunity! Prime redevelopment/investment site located on Richmond's renowned "Food Street"just south of Alexandra Road, adjacent to the Sheraton Four Points Hotel. This rare 31,209 sqft lot (103' x 303') features a standalone building with approx. 5,262 sq ft of main floor space, a 1,056 sqft mezzanine office, and over 53 parking stalls. Currently tenanted by a well-established hotpot restaurant generating over $220,000 in annual net rental income. Lease expires. Flexible commercial zoning permits a wide range of uses including restaurant, retail, or service.

FOR SALE DETAILS

PRICE

$14,880,000 CAD

PRICE/SF

$2,357 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,225 SF

ZONING

CP-1

APN/PARCEL ID

001-853-236

ASK ABOUT THIS PROPERTY

Michael MaRe/Max Crest RichmondMore Info
778-995-8086

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Michael MaRe/Max Crest RichmondMore Info
778-995-8086

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