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9371 No. 5 Rd 3,062 SF Retail Condo Unit Offered at $2,428,256 in Richmond, BC V7A 4E1
Investment Highlights
- Zoned CP2 and designated “Commercial” in Richmond’s Official Community Plan
- Close to national retailers and essential services, including Save-On-Foods, London Drugs, and Canadian Tire
- Located near Ironwood Plaza and Riverside Business Park, a major employment and retail hub
- Excellent access to transportation routes and high-traffic corridors south of Steveston Highway
Executive Summary
The subject strata lot is zoned “CP2” (Current use is liquor store and restaurant) and designated “Commercial” in the City of Richmond OCP. Currently the Property is occupied by two long term tenants in good standing. Good investment with stable income. Excellent location with being close to various commercial establishments and transportation routes, like the area south of Steveston Highway is an important employment center including Ironwood Plaza and Riverside Business Park, anchored by Save OnFoods, London Drugs, Richmond Public Library, BC Liquor Store and Canadian Tire.
Property Facts
| Total Building Size | 3,062 SF | Typical Floor Size | 3,062 SF |
| Property Type | Retail (Condo) | Year Built | 2010 |
| Property Subtype | Freestanding | Lot Size | 2.58 AC |
| Building Class | B | Parking Ratio | 6.21/1,000 SF |
| Floors | 1 | ||
| Zoning | CP-2 - Commercial | ||
| Total Building Size | 3,062 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Freestanding |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 3,062 SF |
| Year Built | 2010 |
| Lot Size | 2.58 AC |
| Parking Ratio | 6.21/1,000 SF |
| Zoning | CP-2 - Commercial |
1 Unit Available
Unit 10
| Unit Size | 3,062 SF | Sale Type | Investment |
| Price | $2,428,256 USD | Cap Rate | 3.71% |
| Price Per SF | $793.03 USD | NOI | $90,139.81 USD |
| Condo Use | Retail | APN/Parcel ID | 030-038-634 |
| Unit Size | 3,062 SF |
| Price | $2,428,256 USD |
| Price Per SF | $793.03 USD |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 3.71% |
| NOI | $90,139.81 USD |
| APN/Parcel ID | 030-038-634 |
Description
The subject strata lot is zoned “CP2” (Current use is liquor store and restaurant) and designated “Commercial” in the
City of Richmond OCP. Currently the Property is occupied by two long term tenants in good standing. Good investment with stable income.
Excellent location with being close to various commercial establishments and transportation routes, like the area south of Steveston Highway is an important employment centre including Ironwood Plaza and Riverside Business Park, anchored by Save-OnFoods, London Drugs, Richmond Public Library, BC Liquor Store and Canadian Tire.
Sale Notes
The subject strata lot is zoned “CP2” (Current use is liquor store and restaurant) and designated “Commercial” in the
City of Richmond OCP. Currently the Property is occupied by two long term tenants in good standing. Good investment with stable income.
Excellent location with being close to various commercial establishments and transportation routes, like the area south of Steveston Highway is an important employment centre including Ironwood Plaza and Riverside Business Park, anchored by Save-On Foods, London Drugs, Richmond Public Library, BC Liquor Store and Canadian Tire.
Nearby Major Retailers
Presented by
9371 No. 5 Rd
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