Commercial Land for sale

3880 No. 3 Road, West Cambie, Richmond

$4,300,000 or
Contact the REALTOR®
Commercial Land for sale in West Cambie, Richmond, Richmond, 3880 No. 3 Road, 224967104 | Realtylink.org
Commercial Land for sale in West Cambie, Richmond, Richmond, 3880 No. 3 Road, 224967104 | Realtylink.org Commercial Land for sale in West Cambie, Richmond, Richmond, 3880 No. 3 Road, 224967104 | Realtylink.org Commercial Land for sale in West Cambie, Richmond, Richmond, 3880 No. 3 Road, 224967104 | Realtylink.org Commercial Land for sale in West Cambie, Richmond, Richmond, 3880 No. 3 Road, 224967104 | Realtylink.org
$4,300,000 or

Commercial Land for sale

3880 No. 3 Road, West Cambie, Richmond

Features

Lifestyle
224967104 4300000 /en/commercial-land~for-sale~west-cambie-richmond/224967104?view=Summary /en/commercial-land~for-sale~west-cambie-richmond/224967104/photos 49.1853700000 -123.1352700000 true
Lot Size
18,212 sqft
Gross Property Tax
$63,780.99 /year
Zoning
ZC1
Subject Property Width
148 ft
Permitted Land Use
Other
Water Supply
Municipal
Sewer/Septic
Municipal/Community
75

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 2024 is approx. $130,000.
MLS® Number C8062035

Listing REALTOR®

Garrett Chu, REALTOR<sup>®</sup>, Personal Real Estate Corporation

Garrett Chu

REALTOR®, Personal Real Estate Corporation
604-789-6405

RE/MAX City Realty

RE/MAX City Realty,

Location

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  • The amounts shown above are for information purposes only and do not include taxes, if applicable.
  • You must purchase mortgage default insurance if your down payment is less than 20 per cent of the purchase price of the property.
  • This calculator doesn't calculate the further 2% tax on residential property greater than $3,000,000 or the additional property transfer tax on residential property transfers to foreign entities or taxable trustees. Learn more about property transfer tax.
  • There are additional costs to buying a home. Speak with your REALTOR® for more information.
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