Property Details

4351 NO. 3 ROAD, Richmond, British Columbia, V6X3A7

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Representative
Kim Greeley portrait
Kim Greeley
Broker
Twin City Realty Inc. Brokerage* - Cambridge
Cell: 519-240-6140
Tel: 519-740-3690
Toll free: 1-877-740-3690

$49,999,999 - For sale

ID#:C8029600

Rare and fantastic hold&re-develop investment opportunity on No.3 Road. OCP allows up to 3 FSR, and similar lands nearby have achieved higher density than OCP allowance. This is a commercial re-development site with impressive holding income for the next 10 years. Sitting in the heart of future Richmond CBD, surrounded by beautiful new upcoming commercial developments, this site will achieve extraordinary value after surrounding areas become more developed. The site is currently fully tenanted, and majority of the tenants are paying significantly below-market rates. We have increased net rent on 2019 tenancy replacements significantly, ground floor retail replacements have achieved 118% increase while second floor office units have achieved roughly 50% rental increase. Current NOI roughly 1.35M, we project the rental income to double by the end of 10 years. (id:2471)

Property Details
  • Property Address:4351 NO. 3 ROAD, Richmond, British Columbia, V6X3A7
  • Property Type:Retail
  • Lot Size:127786
  • Acreage:127786.0000
Structure Details for 4351 NO. 3 ROAD, Richmond, British Columbia, V6X3A7
  • Building Age:1976
  • Square Footage:127786 sqft
Representative
Kim Greeley portrait
Kim Greeley
Broker
Twin City Realty Inc. Brokerage* - Cambridge
Cell: 519-240-6140
Tel: 519-740-3690
Tollfree: 1-877-740-3690
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4351 NO. 3 ROAD, Richmond, British Columbia, V6X3A7

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