505 Savannah Ave - Commercial LAND FOR SALE


Richmond, VA 23222 20,038 SF
$425,000 USD
804-349-5788
505 Savannah Ave, Richmond, VA for Sale
$425,000 USD
Commercial LAND - FOR SALE
1/3
20,038 SF

505 Savannah Ave
Richmond, VA 23222


HIGHLIGHTS

  • Visibility on High-Traffic Road.
  • Redevelop or Build New.
  • Business Use.

OVERVIEW

Offering 505 and 508 Savannah Ave.75Ac with additional land available, up to 3 Acres, located in an Opportunity Zone in Eastern Henrico County, zoned B3 for uses, including Office, Retail, Drive-Thru, Automotive Filling Station, Live/Work Dwellings. 505 Savannah Ave is a vacant corner lot with 120' fronting Richmond-Henrico Turnpike at Savannah Ave, apr. a half mile from Richmond Raceway and Amazon Robotics Center, and 508 is a contiguous lot with an 1100sf Bungalow. Approximately 10,000 vehicles pass per day. a half mile from Richmond Raceway and Amazon Robotics Center, with ingress and egress on both heavily traveled corridors. This location is experiencing growth with nearby development of homes and businesses, in addition to a major roadway enhancement project on Azalea, across Laburnum from this location, including bike lanes, streetlights and a new water main. The B-3 district is intended to provide a mix of commercial, automotive, and recreational activities, typically located along arterial roadways. Amazon Robotics Center, Richmond International Raceway, Memorial Regional Medical Center and Laburnum Medical Centers are located nearby. There is opportunity to redevelop the existing building for business use and add onsite parking. Street parking is also available on Savannah Ave. This corridor connects significant residential and retail development nearby, as well as the $22.5 million enhancement project from Richmond-Henrico Turnpike and Laburnum Ave south, with plans for 6 lanes, sidewalks, bike lanes, landscaping, and new water main.

FOR SALE DETAILS

PRICE

$425,000 USD

PRICE/ACRE

$923,895/AC

PRICE/SF

$21 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

505 and 508 Savannah Ave

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Retail, Office, Convenience Store, Fast Food, Restaurant

LAND ACRES

0.46 AC

LAND SF

20,038 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

B3

APN/PARCEL ID

794-737-5854,794-737-6554

ASK ABOUT THIS PROPERTY

Susan HaasHaas Realty GroupMore Info
804-349-5788

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Susan HaasHaas Realty GroupMore Info
804-349-5788

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.