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8320 Alexandra Rd 1,056 SF Retail Building Richmond, BC V6X 1C4 $10,938,603 USD ($10,358.53 USD/SF)
Investment Highlights
- Exceptional investment & redevelopment opportunity
- Large 31,209 SF lot with standalone commercial building
- Leased to successful hotpot restaurant ($220K+ net income/year)
- Prime location on Richmond’s famous “Food Street”
- 53+ on-site parking stalls
Executive Summary
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. Flexible commercial zoning permits a wide range of uses including restaurant, retail, or service.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,056 SF
Building Class
B
Year Built
1996
Price
$10,938,603 USD
Price Per SF
$10,358.53 USD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.03
Lot Size
0.72 AC
Zoning
CP-1 - Commercial/Residential
Parking
5 Spaces (4.73 Spaces per 1,000 SF Leased)
Frontage
91’ on Alexandra Road
Amenities
- Signage
Walk Score®
Very Walkable (89)
Transit Score®
Excellent Transit (76)
Bike Score®
Very Bikeable (72)
Nearby Major Retailers
1 of 4
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8320 Alexandra Rd
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