About 3880 No. 3 Road
Stable FREEHOLD INVESTMENT opportunity in a PRIME Richmond redevelopment area! 18,212 sq.ft lot across the street from Aberdeen Station on the Canada Line. OCP designated for high density as part of "Aberdeen Village" zoned for a wide range of uses. Land is currently leased long term (69 remaining years) to the Radisson Hotel. Essentially, you own the land, the tenant owns the building, and you assume the existing triple net lease (including multiple escalation clauses) providing a decent return on an undeniable redevelopment piece along Richmond's Golden Corridor. Approximately $130,000 of net annual income. Tenant is also subleasing part of the building to BMO. Inquire for full details.
Features of 3880 No. 3 Road
| MLS® # | C8048633 |
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| Price | $4,980,000 |
| Acres | 0.42 |
| Type | Land – Commercial |
| Status | ACTIVE |
Community Information
| Address | 3880 No. 3 Road |
|---|---|
| Subdivision | West Cambie |
| City | Richmond |
| Province | BC |
| Postal Code | V6X 2C1 |
Amenities
| Is Waterfront | No |
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Additional Information
| Zoning | ZC1 |
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Listing Details
| Office | The Firm Real Estate Services Ltd. |
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