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12220 2nd Avenue
Steveston Village Richmond V7E 3L8

$3,300,000
Office, Retail

Main Photo: 12220 2nd Avenue in Richmond: Steveston Village Office for sale : MLS®# C8076789
Photo 1: 12220 2nd Avenue in Richmond: Steveston Village Office for sale : MLS®# C8076789
Photo 2: 12220 2nd Avenue in Richmond: Steveston Village Office for sale : MLS®# C8076789
Photo 3: 12220 2nd Avenue in Richmond: Steveston Village Office for sale : MLS®# C8076789
Photo 4: 12220 2nd Avenue in Richmond: Steveston Village Office for sale : MLS®# C8076789
Photo 5: 12220 2nd Avenue in Richmond: Steveston Village Office for sale : MLS®# C8076789
Status:
Active
Prop. Type:
Office, Retail
MLS® Num:
C8076789
Freestanding Multi-Tenant Commercial Building. Total building is approx. 5,737 sf situated on a 6,590 sf lot. Zoned CS2. The property permits a wide range of uses, including, but not limited to, retail, grocery, daycare, learning institute, office, warehouse, light industrial ... etc. Located in the heart of Steveston Village, an opportunity for both investors & owner-users. The centrally located building benefits from excellent exposure, convenient access, and ample street parking in one of Richmond's most vibrant and walkable neighborhoods. The property has 4 leasing units (2 up and 2 down), offering a mix of month-to-month and short-term leases, with certain tenancies secured until October 2026. This flexible lease structure allows an owner-user to occupy all or part of the building, or provides an investor the ability to reposition the asset and renew leases at market rates. Potential market Lease Rate for entire building is approx. $180k per annum plus Additional Rent.
Sale Type:
Asset
Ownership:
Freehold
Property Type:
Office, Retail
Commercial Type:
Retail
Num Storeys:
2
Living Area:
5,737 sq. ft.
Subject Property Depth:
131'10"
Subject Property Width:
50'
Lot Area:
6,534 sq. ft.
Zoning:
Fencing:
# Of Parking Spaces - Total:
Road Frontage:
Heating:
Electricity:
Yes
Services Connected:
Electricity Connected, Phone Connected
Sewer:
Public Sewer
Env Assmt Comment:
PHASE I AND PHASE II ENVIRONMENTAL REPORTS WERE DONE IN 2025
Parcel Number:
000476277
Taxes:
$37,000 / 2025
No
Water Supply:
Public
Water Rights:
No
Roof:
Env Assmt Phase:
Yes
Cap Rate %:
Gross Income:
Oper. Expenses:
Other Income:
Effective Gross Income:
Net Operating Income:
Previous Price:
Original Price:
  • Photo 1: 12220 2nd Avenue in Richmond: Steveston Village Office for sale : MLS®# C8076789
    Photo 1 of 5
  • Photo 2: 12220 2nd Avenue in Richmond: Steveston Village Office for sale : MLS®# C8076789
    View of uncovered parking lot
  • Photo 3: 12220 2nd Avenue in Richmond: Steveston Village Office for sale : MLS®# C8076789
    Aerial overview of property's location featuring property parcel outlined
  • Photo 4: 12220 2nd Avenue in Richmond: Steveston Village Office for sale : MLS®# C8076789
    Miscellaneous room featuring a heating unit
  • Photo 5: 12220 2nd Avenue in Richmond: Steveston Village Office for sale : MLS®# C8076789
    View of storage room
Listed by Royal LePage Sussex
Data was last updated March 13, 2026 at 11:40 PM (UTC)
CHARLES ZHOU PERSONAL REAL ESTATE CORPORATION
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