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3880 NO. 3 ROAD
Richmond British Columbia V6X2C1 Canada

$4,300,000

Active Listing ID C8062035
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Vacant Land

$4,300,000

Active Listing ID C8062035
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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 (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. (id:203)

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Property Features

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  • Property Sub-type: Vacant Land
Listing Changed: 12/10/2024 9:05:20 PM GMT
Source Updated Date: 2/16/2025 10:51:35 PM GMT

Courtesy of: Garrett Chu, Personal Real Estate Corp, RE/MAX City Realty