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3880 NO. 3 ROAD Richmond, BC V6X 2C1
UPDATED:
02/27/2025 04:15 AM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision West Cambie
MLS Listing ID C8062035
Annual Tax Amount $63,780
Tax Year 2023
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.
Location
Province BC
Community West Cambie
Area Richmond
Zoning British Columbia Default Zone
Region Greater Vancouver
City Region Greater Vancouver
Building
Dwelling Type Land Commercial
Water Municipal
Listed by RE/MAX City Realty