3880 NO. 3 ROAD, Richmond, British Columbia V6X2C1 Canada


  • PRICE$6,700,000
  • PROPERTY TYPEVacant Land

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:9345)...
Tranaction Type: For sale
Lease Per Unit: square feet
Zoning Description: ZC1
Size Total: 18212 sqft
Acreage: true

Disclaimer: The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.