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 (68 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 2024 is approx. $130,000. (id:47423)
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Detailed Information
Farm Type
Other
Property Type
Vacant Land
Transaction Type
For sale
Zoning Description
ZC1
Building
Amenities
Street Lighting
Utilities
Type
Description
Water
At Lot Line
Land
Total Size
18212 square feet
Size of Irregular Land
18212
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