1198 8181 CAMBIE ROAD
Richmond, British Columbia
MLS® C8082330
$800,000
- Status
- Active
- Property type
- Retail
- MLS® number
- C8082330
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 3Listing description
Prime Retail Investment Opportunity in West Cambie, Richmond. Located in the busy President Plaza in West Cambie, Richmond, this rare retail investment opportunity features a spacious 770 sqft premise with excellent visibility and strong commercial exposure. The property was originally designed with a circular layout and was renovated into a more functional square-shaped space based on the previous owner's preference, allowing for more efficient use of the premises for their intended purpose.
The actual physical space is larger than the area currently being utilized. The property is occupied by a long-term established tenant, generating a capitalization rate of 5. 7% and offering an attractive combination of stable tenancy and investment potential.
The premises may be suitable for a variety of commercial uses, providing flexibility for future owners and investors. A rare opportunity to acquire a well-located retail property with an established tenant and attractive income potential. Don't miss.
Property summary
- MLS® number
- C8082330
- Property type
- Retail
- Size
- 770 sq ft
- Annual property taxes
- $6,351.01
- Days on market
- 2 days
Features & details
- Lot features
- Passenger elevator
What would this home cost you?
Based on the $800,000 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 Sutton Group-West Coast Realty, Coquitlam.
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.