Vancouver Land For Sale, Vancouver Land Investment
- Status:
- Active
- Prop. Type:
- Land Commercial
- MLS® Num:
- C8068587
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Exceptional Investment Opportunity! Prime redevelopment/investment site located on Richmond’s renowned “Food Street” just south of Alexandra Road, adjacent to the Sheraton Four Points Hotel. This rare 31,209 sqft lot (103' x 303') features a standalone building with approx. 5,262 sq ft of main floor space, a 1,056 sqft mezzanine office, and over 53 parking stalls. Currently tenanted by a well-established hotpot restaurant generating over $220,000 in annual net rental income. Lease expires April 2021 with a renewal option for another 5-year term at an increased rate. Flexible commercial zoning permits a wide range of uses including restaurant, retail, or service.
- Sale Type:
- Asset
- Sublease:
- Yes
- Property Type:
- Land Commercial
- Year built:
- 1996 (Age: 29)
- Subject Property Depth:
- 303'1"
- Subject Property Width:
- 102'8½"
- Subject Space Width:
- 6318'
- Mezzanine Size:
- 1,056 sq. ft.
- Other Size:
- 5,262 sq. ft.
- Minimum Divisible Area:
- 6,318 sq. ft.
- Title to Land:
- Freehold
- Lot Area:
- 31,225.18 sq. ft.
- Acres Freehold:
- 0.71 acre(s)
- Zoning:
- Signup
- Fencing:
- Signup
- # Of Parking Spaces - Total:
- Signup
- Road Frontage:
- Signup
- Heating:
- Signup
- Electricity:
- No
- Services Connected:
- See Remarks
- Sewer:
- See Remarks
- Parcel Number:
- 001853236
- Taxes:
- $101,632.82 / 2024
- No
- 1% OF PURCHASED PRICE
-
Map
Listed by RE/MAX Crest Realty
Data was last updated April 26, 2025 at 08:35 AM (UTC)
- HUI JILLAIN
- LaBoutique Realty
- 1 (403) 8057766
- Contact by Email
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Copyright 2025 by the Greater Vancouver REALTORS®,
Fraser Valley Real Estate Board and Chilliwack & District Real Estate Board. All Rights Reserved.
Commercial Real Estate in BC
Specializing in Business For Sale, Business With Property including Hotel, Campground & RV Parks, etc., ABC Commercial has passion for assisting clients with various real estate needs.
Clients are impressed by the dedication and effort ABC Commercial put into making sure that they receive top quality service and amazing results. Explore the website to find detailed listing information, buying guides, selling guides and other features that suit your real estate requirements.
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Hui Jillain
LaBoutique Realty
200 6751 Westminster Hwy, Richmond, BC, V7C 4V4