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Est. payment /mo
New
10240 River RD Delta, BC V4C 2R3
0.69 Acres Lot
UPDATED:
Key Details
Property Type Commercial, Other Types
Sub Type Automotive
Listing Status Active
Purchase Type Asset
MLS Listing ID C8080771
Year Built 1977
Annual Tax Amount $33,464
Tax Year 2025
Lot Size 0.690 Acres
Property Sub-Type Automotive
Property Description
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.
Location
State BC
Community Nordel
Area N. Delta
Zoning C4
Exterior
Water Access Desc Public
Building
Sewer Public Sewer
Water Public
Others
Ownership Freehold