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11951 Mitchell Rd 23,922 SF Industrial Building Richmond, BC V6V 1M7 For Sale

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INVESTMENT HIGHLIGHTS

  • Clean phase II environmental report just received (Dec 2025)
  • Flexible zoning supporting a wide range of permitted industrial uses and diverse tenant roster generating stable holding income
  • High-traffic location with prominent exposure on Mitchell Road
  • Pliable lease provisions with a WALT under 1 year, enabling immediate IPP repositioning or diverse end-user applications
  • Heavy 3-phase power and independently metered units
  • Approximately 20,000 sf + of secured rear yard space and vacant caretaker suite with river views

EXECUTIVE SUMMARY

A rarely available 25,189 square foot warehouse on 1.06 acres within Richmond’s Mitchell Island industrial node, featuring 16 individual units with independent metering, heavy 3-phase power, 200ft of Fraser River frontage, 20,000 sf + of secured rear yard, caretaker suite and multiple covered storage structures. Currently configured for multi-tenant occupancy/segmented uses, the property offers workability for value-add investors (mark-to-market: 58%) and end users (WALT less than 1 year) seeking a combination of warehouse and yard space in a high-exposure location with exceptional connectivity throughout the Lower Mainland and to the U.S. border. Approximately 46% of the net leasable area (NLA) is available for immediate occupancy, 61% of the NLA is available as of December 31, 2025, and the balance of NLA is available in intervals throughout 2026/2027. Clean phase II environmental report just received (Dec 2025).

PROPERTY FACTS

Sale Type Investment or Owner User
Property Type Industrial
Property Subtype Warehouse
Building Class C
Lot Size 1.06 AC
Rentable Building Area 23,922 SF
No. Stories 1
Year Built/Renovated 1956/2015
Parking Ratio 1.46/1,000 SF
Clear Ceiling Height 12’
No. Dock-High Doors/Loading 1
No. Drive In / Grade-Level Doors 17
Zoning I - Industrial Zone - The zone provides for a broad range of general and heavy industrial uses, with a range of compatible uses.

AMENITIES

  • 24 Hour Access
  • Signage
  • Waterfront
  • Storage Space

UTILITIES

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating
  • Listing ID: 37804478

  • Date on Market: 9/24/2025

  • Last Updated:

  • Address: 11951 Mitchell Rd, Richmond, BC V6V 1M7

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