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Busy strip mall space near Richmond City Centre sold for $11.25M

The 21,835-square-foot retail area in a prime location is zoned for mixed-use development
richmond strip mall
The prime development area is located near Richmond Centre and Richmond City Hall.
 
Price: $11,250,000
Price/SF: $2,223
Lot Size: 21,835 SF
Property Type: Retail 
2016 B.C. Assessment Value: $8,417,700
City: Richmond
Province: B.C. 
Name of Brokerage: Oakwyn Realty 
 
Oakwyn Realty has brokered the sale of prime retail development area in Richmond’s city centre for $11.25 million. 
 
The subject property is part of a busy strip mall complete with fully-leased retail and office units. It’s located near Richmond Centre and Richmond-Brighouse SkyTrain station. The property was listed on the market for $12 million and had a B.C. Assessment value of $8,417,700. The 21,835-square-foot site is designated for mixed-use development. Oakwyn Realty agents Kiat Chang and Voy Wong handled the transaction.
 
The property is located at 8071-8085 Park Rd., Richmond. 
 
 

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