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8320 Alexandra Road
West Cambie Richmond V6X 1C4

$14,880,000
Land Commercial

Map
Status:
Active
Prop. Type:
Land Commercial
MLS® Num:
C8068587
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:
Fencing:
# Of Parking Spaces - Total:
Road Frontage:
Heating:
Electricity:
No
Services Connected:
See Remarks
Sewer:
See Remarks
Parcel Number:
001853236
Taxes:
$101,632.82 / 2024
No
1% OF PURCHASED PRICE
Water Supply:
See Remarks
Water Rights:
No
Roof:
Env Assmt Phase:
No
Cap Rate %:
Gross Income:
Oper. Expenses:
Other Income:
Effective Gross Income:
Net Operating Income:
Previous Price:
Original Price:
  • Photo 1: 8320 Alexandra Road in Richmond: West Cambie Land Commercial for sale : MLS®# C8068587
    Map
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Listed by RE/MAX Crest Realty
Data was last updated April 26, 2025 at 02:35 PM (UTC)
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