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:58426)
| MLS® Number | C8062035 |
| Property Type | Vacant Land |
| FarmType | Other |
| Amenities | Street Lighting |
| Acreage | No |
| SizeIrregular | 18212 |
| SizeTotal | 18212 Sqft |
| SizeTotalText | 18212 Sqft |
| ZoningDescription | Zc1 |
| Water | At Lot Line |
https://www.realtor.ca/real-estate/27259413/3880-no-3-road-richmond
Contact us for more information
Garrett Chu
PREC*, Pacific West Real Estate Group
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