12220 2nd Avenue

Freestanding Multi-Tenant Commercial Building. Total building is approx. 5,737 sf situated on a 6,590 sf lot. Zoned CS2. The property permits a wide range of uses, including, but not limited to, retail, grocery, daycare, learning institute, office, warehouse, light industrial ... etc. Located in the heart of Steveston Village, an opportunity for both investors & owner-users. The centrally located building benefits from excellent exposure, convenient access, and ample street parking in one of Richmond's most vibrant and walkable neighborhoods. The property has 4 leasing units (2 up and 2 down), offering a mix of month-to-month and short-term leases, with certain tenancies secured until October 2026. This flexible lease structure allows an owner-user to occupy all or part of the building, or provides an investor the ability to reposition the asset and renew leases at market rates. Potential market Lease Rate for entire building is approx. $180k per annum plus Additional Rent.

Listed by Royal LePage Sussex.