Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Approx. Sqft 770

Square Footage 770 sqft

Price per Sqft $1,038

MLS® Listing ID C8082330

Condo Fees $671/mo

Year Built 1994

Property 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. (id:24570)

Location

Province BC

Rooms

Kitchen 0.0

Exterior

Parking Features No

View Y/N No

Attached Garage No

Garage No

Private Pool No

Listed by Sutton Group-West Coast Realty

8181 CAMBIE RD #1198 Richmond, BC V6X3X9

HOW MUCH WOULD YOU LIKE TO OFFER FOR THIS PROPERTY?

Nader Bakhoum, PMP, P.Eng.

Key Details

Location

Rooms

Exterior

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8181 CAMBIE RD #1198