3880 NO. 3 ROAD, Richmond, British Columbia

Richmond For Lease

C$4,300,000
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.

Property Details
Listing Type : For Lease
MLS ID : C8062035
Price : C$4,300,000
Status : Active
Year Built : 0
Bedrooms : 0
Bathrooms : 0
Square Footage : 0 Sqft
Lot Area : 18,212 Sqft
Area : Richmond
Sub-Area : West Cambie
City : Richmond
Province : British Columbia
Postal Code : V6X 2C1
Region : Greater Vancouver
Land Size Hectres : 0 Sqft
Land Size Acres : 0.42 Sqft
Additional Information
Zoning : ZC1
Listing Office : RE/MAX City Realty
Source : Vancouver
Total Lease Area : 0
For Lease
  • MLS ID : C8062035
  • Bedrooms : 0
  • Bathrooms : 0
  • Square Footage : 0 Sqft
  • Listed by:
    RE/MAX City Realty
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Property