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9371 No. 5 Rd 3,062 SF Retail Condo Unit Offered at $2,390,161 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
T 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.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | APN/Parcel ID | 030-038-634 |
| Cap Rate | 3.71% |
| Sale Type | Investment |
| Cap Rate | 3.71% |
| 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.
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.
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.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 10 | 3,062 SF | Retail | $2,390,161 USD ($780.59 USD/SF) | $88,725.68 USD |
Unit 10
| Unit Size |
| 3,062 SF |
| Condo Use |
| Retail |
| Price |
| $2,390,161 USD ($780.59 USD/SF) |
| NOI |
| $88,725.68 USD |
1 of 0
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Unit 10
| Unit Size | 3,062 SF |
| Condo Use | Retail |
| Price | $2,390,161 USD ($780.59 USD/SF) |
| NOI | $88,725.68 USD |
| Sale Type | Investment |
| Cap Rate | 3.71% |
| 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 <br> City of Richmond OCP. Currently the Property is occupied by two long term tenants in good standing. Good investment with stable income. <br> 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.</li></ul> | |
| Sale Notes | |
| The subject strata lot is zoned “CP2” (Current use is liquor store and restaurant) and designated “Commercial” in the <br> City of Richmond OCP. Currently the Property is occupied by two long term tenants in good standing. Good investment with stable income. <br> 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.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| 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 |
Amenities
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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9371 No. 5 Rd
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