604.542.2444

3880 No. 3 Road

West Cambie, Richmond

$7,500,000


Property Size: 18,212 sqft

Type: Land Commercial


About this Land Commercial in West Cambie, Richmond

18,212 sq ft of PRIME land in a very active part of Richmond. Land is currently leased long term and the building on it is occupied by a MAJOR Canadian Bank which adjoins a well recognized hotel. This is your chance to purchase the land itself + adopt the triple net lease which incorporates escalation clauses. Landlord has carefree "hands off" involvement and simply collects monthly rental payment. Surrounding area has had a redevelopment proposal referred to as "Aberdeen Village" includes a new museum, visual performing arts center + pedestrian bridge(to Sea Island). Site comes with a 3.0 FAR allowing a larger buildable area (once Bank lease expires) and is zoned for wide range of uses including Hotel, Restaurant, Retail, Entertainment + more. Area influences include major shopping and anchor stores such as Yaohan Center, Canadian Tire + Aberdeen Mall. This is a long term secure investment w/ future upside and no ongoing required involvements. Returns are commensurate with current term deposit/bond rates

Listed by RE/MAX Westcoast.

TypeLand Commercial

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