$1,450,000

2711 Smith Street, Richmond, BC V6X 2J3

MLS® C8075580

Description

CBRE Limited is pleased to present an opportunity for an entry-level buyer to purchase a small-scale industrial zoned redevelopment site in the City Centre area of Richmond, in close proximity to Costco, River Rock Casino and the Bridgeport SkyTrain Station. Redevelopment Potential: This area is intended for medium-density, mid-rise commercial purposes including but not limited to hotel, office, retail, entertainment, etc. The City of Richmond permits a 1.2 FAR under the current IL Light Industrial zone with potential to rezone to commercial which would increase density to 2.0 FAR. Maximum building height is 25m. Possibility to acquire the adjacent sites increasing development site to 0.27 acres.

Property

Property type

Land

Ownership

Freehold

Lot and parking

Lot size

3,920.4 sq ft

Costs

Annual property tax

$12,431

Tax year

2,025

Location

Area

Richmond

Neighbourhood

Bridgeport RI

Waterfront

No