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10991 No. 1 Rd

2,708 SF Retail Building Richmond, BC V7E 1S4 £2,325,269 (£859/SF) 2.51% Net Initial Yield

Executive Summary

To purchase a fully tenanted, free-standing retail building located in Richmond’s Steveston Neighborhood and minutes away from historic Steveston Village. The subject property is improved with a single-storey 2708 square foot building and is situated on a site area shown to be 12,544 square feet (.29 Acres). The remainder of the property is comprised of an asphalt surface parking area containing approximately 10 parking stalls. The property’s sole tenant is Hayat Supermarket, a local grocer specializing in Middle Eastern fare

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
2,708 SF
Building Class
C
Year Built
1986
Price
£2,325,269
Price Per SF
£859
Net Initial Yield
2.51%
NOI
£58,471
Tenancy
Single
Number of Floors
1
Building FAR
0.22
Lot Size
0.29 AC
Zoning
CL - Local Commercial
Walk Score ®
Very Walkable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Five Guys
TD Canada Trust
Starbucks
Blenz Coffee
Royal Bank of Canada
Save-On-Foods
Scotiabank
  • Listing ID: 31339668

  • Date on Market: 27/03/2024

  • Last Updated:

  • Address: 10991 No. 1 Rd, Richmond, BC V7E 1S4

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