Land For Sale

3880 NO. 3 ROAD

Richmond, British Columbia

RE/MAX Westcoast

$6,700,000

18,212 Sqft
Basic Details
Status: Active
Property Type: Vacant land
Listing Type: For Sale
MLS® #: C8031221
Price: $6,700,000
Lot Area: 18,212 Sqft
Property Description

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 (id:15472)

Additional Information
3880 NO. 3 ROAD
3880
NO. 3
Road
Canada, British Columbia, Richmond, V6X2C1
ZC1
18212 sqft
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"NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assume no responsibility for its accuracy."