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. (id:4069)
Address
8320 ALEXANDRA ROAD
List Price
$14,880,000
Property Type
Vacant Land
Area
British Columbia
Sub-Area
Richmond
Lot Size
31225 Sq. Ft.
Year Built
1996
MLS® Number
C8068587
Listing Brokerage
RE/MAX Crest Realty
Postal Code
V6X1C4
Zoning
CP1
