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$ 14,880,000
Est. payment /mo
Active
8320 Alexandra RD Richmond, BC V6X 1C4
0.72 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type Asset
MLS Listing ID C8068587
Year Built 1996
Lot Size 0.717 Acres
Property Description
Exceptional Investment Opportunity! Prime redevelopment/investment site located on Richmond's renowned “Food Street” just south of Alexandra Road, adjacent to the Sheraton Four Points Hotel. This rare 31,209 sqft lot (103' x 303') features a standalone building with approx. 5,262 sq ft of main floor space, a 1,056 sqft mezzanine office, and over 53 parking stalls. Currently tenanted by a well-established hotpot restaurant generating over $220,000 in annual net rental income. Lease expires April 2021 with a renewal option for another 5-year term at an increased rate. Flexible commercial zoning permits a wide range of uses including restaurant, retail, or service.
Location
Province BC
Community West Cambie
Area Richmond
Zoning CP1
Exterior
Utilities Available See Remarks
Total Parking Spaces 53
Building
Sewer See Remarks
Water See Remarks
Others
Ownership Freehold
