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3880 NO 3 ROAD
Richmond British Columbia V6X2C1 Canada

$4,300,000

Active Listing ID C8055448
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Vacant Land

$4,300,000

Active Listing ID C8055448
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3880 NO 3 ROAD 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 both 2023 and 2024 is $130, 000 per annum. (id:203)

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Property Features

  • Facts
  • Property Sub-type: Vacant Land
  • Additional Features
  • Basement
  • Fireplace
Listing Changed: 5/15/2024 2:59:39 PM GMT
Source Updated Date: 5/17/2024 3:40:01 AM GMT

Courtesy of: GarrettChu, Salesperson, Globus International Real Estate Inc.

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