10240 RIVER ROAD
Delta, British Columbia
MLS® C8080771
$5,760,000
- Status
- Active
- Property type
- Business
- MLS® number
- C8080771
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 12Listing description
HIGH-EXPOSURE INCOME PROPERTY with 5% cap rate PLUS rent escalation. Positioned in Delta's growth corridor, this sprawling 30,147 SF (0. 69 AC) corner lot boasts incredible exposure, easy site access, extensive parking, and a 2,205 SQFT retail building.
Fully tenanted on a long term lease with strong holding income, it pays for itself while you navigate project planning for the future. Designated "Neighbourhood Centres & Corridors" under Delta's OCP, encouraging multi-unit residential and mixed-use development up to 6 storeys (townhouses, mid-rise apartments, ground-floor retail mixed-use). High-visibility location along River Road with seamless access to Hwy 91, Hwy 17, and Alex Fraser Bridge.
Property summary
- MLS® number
- C8080771
- Property type
- Business
- Land size
- 30147 square feet
- Annual property taxes
- $33,464.01
- Days on market
- 29 days
What would this home cost you?
Based on the $5,760,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Dracco Pacific Realty, Vancouver.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.