10240 RIVER ROAD, Delta
$8,000,000
About this property
HIGH-EXPOSURE INCOME PROPERTY with 5% cap rate PLUS rent escalation. Positioned in Delta's growth corridor, this sprawling 30,147 SF (0.69 AC) corner lot boasts incredible exposure, easy site access, extensive parking, and a 2,205 SQFT retail building. Fully tenanted on a long term lease with strong holding income, it pays for itself while you navigate project planning for the future. Designated "Neighbourhood Centres & Corridors" under Delta's OCP, encouraging multi-unit residential and mixed-use development up to 6 storeys (townhouses, mid-rise apartments, ground-floor retail mixed-use). High-visibility location along River Road with seamless access to Hwy 91, Hwy 17, and Alex Fraser Bridge. (id:66939)
Property details
- Price
- $8,000,000
- Lot size
- 30147 square feet
- Property type
- Business
- MLS® number
- C8080771
Location
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Review my home valueListing courtesy of Dracco Pacific Realty. Source board: Fraser Valley Real Estate Board.
Listing data is provided by the Canadian Real Estate Association (CREA) through the REALTOR.ca Data Distribution Facility (DDF®) and is deemed reliable but not guaranteed accurate. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Listings displayed may be held by brokerages other than Hamodi Realty / HomeLife Miracle Realty.