Office Listings
- 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)
- 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
- Env Assmt Phase:
- No
-
Map
Listed by RE/MAX Crest Realty
Data was last updated May 9, 2025 at 09:35 AM (UTC)
- Mario S. David
- RE/MAX Crest Realty
- (604) 207-9966
- callmario.ca@gmail.com
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
Copyright 2025 by the Greater Vancouver REALTORS®,
Fraser Valley Real Estate Board and Chilliwack & District Real Estate Board. All Rights Reserved.
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