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12240 2nd Ave 7,060 SF 100% Leased Retail Building Richmond, BC V7E 3A3 $8,999,000 CAD ($1,274.65 CAD/SF)
Investment Highlights
- Fully leased retail property generating stable cash flow from nine established tenants.
- Directly across from Fisherman’s Wharf, ensuring year-round pedestrian visibility.
- Opportunity for long-term income growth supported by ongoing neighborhood development and tourism.
- Prominent corner frontage within Steveston Village, one of Richmond’s most visited waterfront areas.
- Located along the primary retail corridor that attracts both local residents and a steady stream of visitors.
- Zoning accommodates a range of commercial uses, adding operational flexibility.
Executive Summary
Presenting an exceptional opportunity to acquire a fully tenanted retail investment property in the heart of the Steveston Village waterfront district. Located at 12240 Second Avenue, this property comprises nine retail units totaling approximately 7,060 square feet on a 7,095 square foot parcel. Designed to provide investors with stable income, the offering is supported by a diverse mix of tenants across essential service and lifestyle-oriented categories.
Strategically positioned on a prominent corner along Steveston’s main retail corridor, the property delivers maximum frontage and accessibility. Its high-visibility location directly across from Fisherman’s Wharf ensures strong pedestrian traffic and sustained leasing demand. The steady in-place cash flow is complemented by the potential for future revenue growth, driven by the area’s popularity and continued residential and tourism expansion.
This offering is enhanced by its proximity to vibrant local attractions, dining options, marina services, and recreational amenities, all of which reinforce the asset’s long-term investment appeal. Contact the listing team for financial details including Net Operating Income (NOI).
Strategically positioned on a prominent corner along Steveston’s main retail corridor, the property delivers maximum frontage and accessibility. Its high-visibility location directly across from Fisherman’s Wharf ensures strong pedestrian traffic and sustained leasing demand. The steady in-place cash flow is complemented by the potential for future revenue growth, driven by the area’s popularity and continued residential and tourism expansion.
This offering is enhanced by its proximity to vibrant local attractions, dining options, marina services, and recreational amenities, all of which reinforce the asset’s long-term investment appeal. Contact the listing team for financial details including Net Operating Income (NOI).
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
7,060 SF
Building Class
C
Year Built
1950
Price
$8,999,000 CAD
Price Per SF
$1,274.65 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.00
Lot Size
0.16 AC
Zoning
CS2
Parking
16 Spaces (2.27 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Waterfront
Exceptionally walkable
90/100
Moderately drivable
60/100
Some public transit
40/100
Very bikeable
80/100
Nearby Major Retailers
1 of 11
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12240 2nd Ave
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