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3880 NO. 3 Road
West Cambie Richmond V6X 2C1

$5,500,000
Land Commercial

Main Photo: 3880 NO. 3 Road in Richmond: West Cambie Land Commercial for sale : MLS®# C8041454
Photo 1: 3880 NO. 3 Road in Richmond: West Cambie Land Commercial for sale : MLS®# C8041454
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Status:
Active
Prop. Type:
Land Commercial
MLS® Num:
C8041454
Unbeatable 70 Year land lease INVESTMENT opportunity in PRIME Richmond location! 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 to the building owner of the Radisson Hotel. This rare opportunity provides the purchaser a "hands-off" investment property that assumes the triple net lease (including multiple escalation clauses) providing a decent return on an undeniable redevelopment piece along Richmond's Golden Corridor. Inquire for full details.
Sale Type:
Asset
Name of Complex/Subdivision:
# Other Units:
Lot Area:
18,233 sq. ft.
Acres Freehold:
1 acre(s)
Land Use/Zoning:
ZC1
Permitted Use:
Mixed Use, Residential
Taxes:
$45,051.44 / 2020
Services Connected:
Electricity, Sanitary Sewer
Water Supply:
Municipal
Roof:
Sewer Septic:
Municipal/Community
Env Assmt Phase:
No
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
Previous Price:
Original Price:
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Listed by The Firm Real Estate Services Ltd.
Data was last updated January 25, 2022 at 04:40 AM (UTC)
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