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8871-8971 Douglas St 0.55 Acres of Commercial Land Offered at $8,990,000 CAD in Richmond, BC V6X 1V2
Investment Highlights
- Highly visible development site at the gateway to Richmond with direct access to regional transportation networks.
- Convenient connectivity to Vancouver International Airport and Downtown Vancouver.
- Situated in a strong commercial and hospitality corridor with growing development momentum.
- Zoned for Light Industrial with potential for hotel and commercial development.
- Utilities extended to the lot line include water service.
- Prominent exposure along major thoroughfares, ideal for branding and signage opportunities.
Executive Summary
This unique development opportunity sits at one of Richmond’s most prominent gateways, offering exceptional visibility and connectivity within Metro Vancouver. Spanning approximately 23,856 square feet, the site is located in a vibrant commercial hub that supports a mix of hospitality, retail, and industrial activity. Its Light Industrial zoning and prime positioning make it particularly well-suited for large-scale projects, including hotel and commercial developments designed to capture the thriving regional economy.
The property benefits from immediate proximity to major transportation corridors, including Highway 99 and Bridgeport Road, enabling fast access to Vancouver International Airport, Downtown Vancouver, and the U.S. border. The area is surrounded by a high concentration of businesses, shopping districts, and essential services, reinforcing strong demand for future-use concepts. With water utilities available at the lot line and flexible zoning options, this strategic location provides outstanding potential for developers, investors, and institutional buyers seeking to capitalize on Richmond’s dynamic growth trajectory.
The property benefits from immediate proximity to major transportation corridors, including Highway 99 and Bridgeport Road, enabling fast access to Vancouver International Airport, Downtown Vancouver, and the U.S. border. The area is surrounded by a high concentration of businesses, shopping districts, and essential services, reinforcing strong demand for future-use concepts. With water utilities available at the lot line and flexible zoning options, this strategic location provides outstanding potential for developers, investors, and institutional buyers seeking to capitalize on Richmond’s dynamic growth trajectory.
Property Facts
| Price | $8,990,000 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.55 AC |
| Property Type | Land | ||
| Zoning | IL - LIGHT INDUSTRIAL | ||
| Price | $8,990,000 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.55 AC |
| Zoning | IL - LIGHT INDUSTRIAL |
1 Lot Available
Lot
| Price | $8,990,000 CAD | Lot Size | 0.55 AC |
| Price Per AC | $16,415,354.11 CAD |
| Price | $8,990,000 CAD |
| Price Per AC | $16,415,354.11 CAD |
| Lot Size | 0.55 AC |
Description
Vacant land property located at 8911–8971 Douglas Street in Richmond, British Columbia. The parcel totals approximately 23,856 square feet and is designated under Light Industrial zoning. The site has water utilities located at the lot line. Surrounding infrastructure includes arterial routes such as Highway 99 and Bridgeport Road, with Vancouver International Airport located nearby. The property is positioned within a region characterized by commercial activity and hospitality services.
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Moderately walkable
70/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
70/100
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8871-8971 Douglas St
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