no. 3 rd

0 Bedroom Real Estate has been listed for sale at 3880 No. 3 Rd in Richmond for $4,300,000. Chat with a local expert, book a tour.

Richmond

City Centre

3880 No. 3 Rd

3880 No. 3 Rd, For Sale in Richmond - eXp Commercial Brokerage

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 (67 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 2025 is approx. $135, 000. (id:58753)

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:15898)

Unbeatable 70 Year Land Lease INVESTMENT Opportunity In PRIME Richmond Location! 18,212 Sq.Ft Lot Across The Street From Aberdeen Station On The Canada Line. OCP Designated For High Density As Part Of "Aberdeen Village" Zoned For A Wide Range Of Uses. Land Is Currently Leased Long Term To The Building Owner Of The Radisson Hotel And BMO. This Rare Opportunity Provides The Purchaser A "Hands-Off" Investment Property That Assumes The Triple Net Lease (Including Multiple Escalation Clauses) Providing A Decent Return On An Undeniable Redevelopment Piece Along Richmond'S Golden Corridor. Inquire For Full Details. (Id:15898)

Unbeatable 70 Year Land Lease INVESTMENT Opportunity In PRIME Richmond Location! 18,212 Sq.Ft Lot Across The Street From Aberdeen Station On The Canada Line. OCP Designated For High Density As Part Of "Aberdeen Village" Zoned For A Wide Range Of Uses. Land Is Currently Leased Long Term To The Building Owner Of The Radisson Hotel. This Rare Opportunity Provides The Purchaser A "Hands-Off" Investment Property That Assumes The Triple Net Lease (Including Multiple Escalation Clauses) Providing A Decent Return On An Undeniable Redevelopment Piece Along Richmond'S Golden Corridor. Inquire For Full Details. (Id:15898)

Stable FREEHOLD INVESTMENT Opportunity In A PRIME Richmond Redevelopment Area! 18,212 Sq.Ft Lot Across The Street From Aberdeen Station On The Canada Line. OCP Designated For High Density As Part Of "Aberdeen Village" Zoned For A Wide Range Of Uses. Land Is Currently Leased Long Term (69 Remaining Years) To The Radisson Hotel. Essentially, You Own The Land, The Tenant Owns The Building, And You Assume The Existing Triple Net Lease (Including Multiple Escalation Clauses) Providing A Decent Return On An Undeniable Redevelopment Piece Along Richmond'S Golden Corridor. Approximately $130,000 Of Net Annual Income. Tenant Is Also Subleasing Part Of The Building To BMO. Inquire For Full Details. (Id:15898)

3880 No. 3 Rd, Richmond, BC

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