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3880 NO 3 ROAD, Richmond
2023-11-02
Quick Summary
- Location
- 3880 NO 3 ROAD, Richmond, British Columbia V6X2C1
- Price
- $4,300,000
- Status:
- For Sale
- Property Type:
- Vacant Land
MLS®#C8055448
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 (68 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 both 2023 and 2024 is $130,000 per annum. (id:32467)
Property Features
Building
- Amenities: Street Lighting
- Fireplace: No
Land
- Land Size: 18212 sqft
Zoning
- Description: ZC1
Information entered by Globus International Real Estate Inc.
Listing information last updated on: 2023-11-29 22:52:25
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How much could you save in commission selling with One Percent Realty?
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
7% on the first 100k & 2.5% on the balance + GST. Not all agents charge the same.
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We charge a total of $9,950 for properties under $900,000. For properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. It is as simple as that.
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