8971 Beckwith Rd | Richmond, BC V6X 1V4
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8971 Beckwith Rd
Richmond, BC V6X 1V4
Office Property For Sale
Investment Highlights
- Flexible Zoning allowing for variety of business including Childcare, Education, Broadcasting, Brewery, Medical Cannabis, etc
- Well Maintained Building completely renovated in 2014
- Fairly priced below $1000 per square foot
- Convenient Location just west of Highway 99 / Bridgeport Rd - 5 min walk to Bridgeport SkyTrain
- Lot is rectangular in shape with 3 sides of street front exposure
- Future Potential for redevelopment
Executive Summary
Rare opportunity to acquire a well-maintained stand alone two level steel frame building with a sought after flexible zoning which allows CHILDCARE and COMMERCIAL EDUCATION use with short walking distance to Bridgeport Rapid Transit and Costco in Richmond.
Highlights
• Flexible Zoning - Unlike (IL) Light Industrial zone, IB-1 (Industrial Business Park) Zoning allows for variety of business including Childcare, Education, Broadcasting, Brewery, Medical Cannabis Production, Car Sales and Rental and Microbrewery etc.
• Convenient Location - This Property is easily accessible and ideally located just west of Highway 99 / Bridgeport Rd. It only takes a 5 minute walk to the Bridgeport Rapid Transit Station of the Canada Line across from River Rock Casino and to Costco Richmond.
• Well Maintained Building - The Building was constructed with structural steel frame and concrete block around 1990. It was completely renovated in 2014 and has been properly maintained with T-bar dropped ceiling on both floors. The interior is 100% renovated with various size of offices to accommodate different business uses. It has a 400-amp 3 phase electrical panel. There are washrooms on both floors.
• Lot Size - The lot is rectangular in shape with 3 sides of street front exposure. There is outdoor space in the front and at the back allowed for parking or other outdoor uses.
• Well Price - It is fairly priced below $1000 per square foot including interior improvements – a better value than strata units offer.
• Future Potential - The Property falls within the Bridgeport Area Plan with a designated Land use as URBAN CENTRE T5 (25m) and can be redeveloped into Hotels, Office buildings, Institutional and many other uses.
Highlights
• Flexible Zoning - Unlike (IL) Light Industrial zone, IB-1 (Industrial Business Park) Zoning allows for variety of business including Childcare, Education, Broadcasting, Brewery, Medical Cannabis Production, Car Sales and Rental and Microbrewery etc.
• Convenient Location - This Property is easily accessible and ideally located just west of Highway 99 / Bridgeport Rd. It only takes a 5 minute walk to the Bridgeport Rapid Transit Station of the Canada Line across from River Rock Casino and to Costco Richmond.
• Well Maintained Building - The Building was constructed with structural steel frame and concrete block around 1990. It was completely renovated in 2014 and has been properly maintained with T-bar dropped ceiling on both floors. The interior is 100% renovated with various size of offices to accommodate different business uses. It has a 400-amp 3 phase electrical panel. There are washrooms on both floors.
• Lot Size - The lot is rectangular in shape with 3 sides of street front exposure. There is outdoor space in the front and at the back allowed for parking or other outdoor uses.
• Well Price - It is fairly priced below $1000 per square foot including interior improvements – a better value than strata units offer.
• Future Potential - The Property falls within the Bridgeport Area Plan with a designated Land use as URBAN CENTRE T5 (25m) and can be redeveloped into Hotels, Office buildings, Institutional and many other uses.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
5,458 SF
Building Class
C
Year Built
1990
Price
£2,757,104
Price Per SF
£505
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
2,729 SF
Slab to Slab
9 ft
Building FAR
0.93
Lot Size
0.13 AC
Zoning
IB1 - Allows for variety of business including Childcare, Education, Broadcasting, Brewery, Medical Cannabis Production, Car Sales and Rental, etc.
Parking
11 Spaces (2.02 Spaces per 1,000 SF Leased)
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