$ 4,300,000
3880 NO. 3 ROAD Richmond, BC V6X2C1
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$ 4,300,000
Est. payment | /mo
0.42 Acres Lot
$ 4,300,000
Est. payment | /mo
0.42 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS® Listing ID C8062035
Originating Board Greater Vancouver REALTORS®
Lot Size 0.418 Acres
Acres 18212.0
Property Description
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 2024 is approx. $130,000. (id:24570)
Location
Province BC
Exterior
Garage No
Waterfront No
View Y/N No
Private Pool No
Listed by RE/MAX City Realty
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Andy Katoch
Agent | License ID: LDKATOCAN