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3880 NO. 3 Road, Richmond, BC V6X2C1
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$4,300,000
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Home Details for 3880 NO. 3 Road
Price
$4,300,000
Type
Lots/Land
Lot Size
18212 sqft
Listing #
27259413
On exitrealty.com
373 days
Property 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 (67 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. $130,000-135,000. (id:31684)
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Listing Courtesy: RE/MAX City Realty
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