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1198 8181 CAMBIE ROAD, Richmond, British Columbia, V6X 3X9

MLS® # C8082330
Commercial For Sale In Richmond, British Columbia
$800,000

None Beds

1198 8181 Cambie Road, Richmond, BC
1198 8181 Cambie Road, Richmond, BC
1198 8181 Cambie Road, Richmond, BC
1198 8181 Cambie Road, Richmond, BC
1198 8181 Cambie Road, Richmond, BC
1198 8181 Cambie Road, Richmond, BC
1198 8181 Cambie Road, Richmond, BC
1198 8181 Cambie Road, Richmond, BC
  • Advertising
1198 8181 CAMBIE ROAD, Richmond, British Columbia, V6X 3X9
$800,000

Property Information:

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:27)

Building Features:

  • Floor Space: 770 sqft

Property Features:

  • Property Type: Retail
  • Built in: 1994
  • Features: Passenger elevator
  • Floor Space (approx): 770 Square Feet
  • Utility Type: Hydro - Available
  • Zoning: ZC1

Courtesy of: Sutton Group-West Coast Realty

REALTOR.ca  

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Market Price Trends

Single family detached

20.15%

Price change (1 year)

64.52%

Price change (5 years)

All Properties

8.93%

Price change (1 year)

40.44%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 1198 8181 CAMBIE ROAD, Richmond, British Columbia, V6X 3X9

Demographic Information of 1198 8181 CAMBIE ROAD, Richmond, British Columbia, V6X 3X9

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$90,726.96

Average Number of Children

1.46

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

11.4 %

High school certificate or equivalent

34.38 %

Apprenticeship trade certificate/diploma

2.27 %

College/non-university certificate

11.83 %

University certificate (below bachelor)

1.71 %

University Degree

38.42 %

Commuter

Travel To Work

By Car

73.01 %

By Public Transit

16.32 %

By Walking

7.52 %

By Bicycle

1.94 %

By Other Methods

1.21 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

66.57 %

Houses

33.43 %

Own Vs. Rent

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