49.185368 -123.13527

3880 NO. 3 ROAD Richmond, BC V6X 2C1

Christine Siu
Christine Siu
Associate
110, 6086 Russ Baker Way Richmond BC V7B 1B4
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265151486 49.185368 -123.13527 734 /listing/265151486-150112754/3880-no-3-road-richmond-bc-v6x-2c1 False 0 8388000.0 101 C8031221 True
  • $8,388,000
  • 3880 NO. 3 ROAD Richmond, BC V6X 2C1

Property & Neighborhood Info

Courtesy Of RE/MAX Westcoast

Commercial in Richmond

18,212 sq ft of PRIME land in a very active part of Richmond. Land is currently leased long term and the building on it is occupied by a MAJOR Canadian Bank which adjoins a well recognized hotel. This is your chance to purchase the land itself + adopt the triple net lease which incorporates escalation clauses. Landlord has carefree "hands off" involvement and simply collects monthly rental payment. Surrounding area has had a redevelopment proposal referred to as "Aberdeen Village" includes a new museum, visual performing arts center + pedestrian bridge(to Sea Island). Site comes with a 3.0 FAR allowing a larger buildable area (once Bank lease expires) and is zoned for wide range of uses including Hotel, Restaurant, Retail, Entertainment + more. Area influences include major shopping and anchor stores such as Yaohan Center, Canadian Tire + Aberdeen Mall. This is a long term secure investment w/ future upside and no ongoing required involvements. Returns are commensurate with current term deposit/bond rates

Courtesy Of RE/MAX Westcoast

Main Features

  • Listing Status: Active
  • MLS® Number:C8031221

Additional Features

  • Style:
    • Land Commercial
  • Floor Area Fin - Main Flr:
    • 0
  • Short Region Code:
    • Vancouver
Neighborhood info courtesy of Homes.com © 2020