Landmark Hotel Development Site

For Sale

4700 No. 3 Road, Richmond, BC V6X 3

This Richmond property for sale is located at 4700 No. 3 Road. The current listed sale price for Landmark Hotel Development Site is $19,500,000. Landmark Hotel Development Site is situated on a lot that is 0.54 acre in size.

Contacts

broker

Bijan Lalji

Avison Young - CA - BC - Vancouver

(604) 757-1115

Property Details

  • Property Type VacantLand
  • Lot Size 0.54 Acre
  • Additional Rent Contact for pricing
  • Date Updated May 8, 2024
Situated in British Columbia’s fourth largest city, Richmond is a highly desirable area for tourists, residents, businesses and more. The Subject Site is less than a 10-minute drive from Vancouver International Airport (YVR), 600 meters or a 1-minute drive to Lansdowne and Aberdeen Transit Stations connecting commuters via the Canada Line to the Airport and major stops in Vancouver including Vancouver City Centre and Waterfront Station.The Avison Young National Hotel Team is pleased to market for sale the Landmark Hotel Development Site at 4700 No. 3 Road in Richmond, BC, the fourth largest city in the province. This is a unprecedented opportunity to develop a 181-room hotel on a 23,322 square foot site featuring a restaurant, lounge, retail space and more within a 10-minute drive to Vancouver International Airport, neighbouring convenient SkyTrain Transit connecting guests to all of Metro Vancouver and within walking distance to shopping, services and amenities.

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Highlights

  • 181-room hotel development site
  • Gross buildable area: 78,423.40 sf (FSR: 3.50)
  • Superb amenities including a 90-seat restaurant, 50-seat lounge, fitness room, retail space and more
  • ~107 parking stalls
  • Positive HVS Feasibility Report (Completed 2023)
  • ADR is setting new records, driven by the strength of the market, and the addition of new and newly renovated supply
  • Forecast 2029 | 80% occupancy rate & $339.65 average daily rate
  • By 2030 there is a shortfall of almost 20,000 hotel rooms

Attachments

Getting around

  • 86/100

    Walk Score ®

  • 75/100

    Transit Score ®

  • 79/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Richmond, BC
  • Neighborhood Aberdeen Village
  • Postal Code V6X 3

Points of Interest

  • Aberdeen

    0.31 miles

  • Lansdowne

    0.34 miles

  • Lansdowne Skytrain Station

    0.34 miles

  • Bridgeport

    1.21 miles

  • Templeton

    1.29 miles

  • Langara-49th Avenue

    3.36 miles

  • King Edward

    4.91 miles

  • Broadway–City Hall

    5.86 miles

  • Nanaimo

    5.99 miles

  • Olympic Village

    6.09 miles

  • Mobil

    0.07 miles

  • Domo

    0.32 miles

  • Chevron

    0.66 miles

  • Shell

    0.66 miles

  • Tesla Supercharger

    0.67 miles

  • Vancouver Marina

    0.80 miles

  • Esso

    0.87 miles

  • Petro-Canada

    1.14 miles

  • Chevron

    1.24 miles

  • Richmond Marina Chevron

    1.30 miles

  • Aberdeen Centre Parking

    0.30 miles

  • Visitor Parking

    0.86 miles

  • Park N Fly

    1.10 miles

  • River Rock Parking

    1.11 miles

  • Value Long Term

    1.20 miles

  • Templeton South Parking Lot

    1.32 miles

  • YVR Employee Parking Lot

    1.38 miles

  • Commercial Vehicle Staging

    1.58 miles

  • Contractor Parking

    1.62 miles

  • Jetset YVR Parking

    1.66 miles

  • Four Points by Sheraton Vancouver Airport

    0.26 miles

  • Radisson Hotel Vancouver Airport

    0.39 miles

  • La Quinta Inn Vancouver Airport

    0.43 miles

  • Hilton Vancouver Airport

    0.57 miles

  • Hilton Vancouver Airport Hotel

    0.57 miles

  • Sheraton Vancouver Airport Hotel

    0.63 miles

  • Vancouver Airport Marriott Hotel

    0.65 miles

  • Executive Airport Plaza Hotel Richmond

    0.74 miles

  • Quality Hotel Airport (South)

    0.75 miles

  • Ramada

    0.77 miles

  • New 2000 Supermarket

    0.08 miles

  • The Real Canadian Superstore

    0.10 miles

  • Izumiya Japanese Marketplace

    0.14 miles

  • Parker Place

    0.16 miles

  • H Mart

    0.28 miles

  • Aberdeen Centre

    0.32 miles

  • Langley Farm Market

    0.33 miles

  • Aberdeen Square

    0.33 miles

  • Smart 'n Save

    0.34 miles

  • Lansdowne Centre

    0.37 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Bijan Lalji

Avison Young - CA - BC - Vancouver

(604) 757-1115