505 AND 508 SAVANNAH AVE Active Save Request In-Person Tour Request Virtual Tour
Richmond,VA 23222
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 1,100 sqft
Price per Sqft $386
MLS Listing ID VAHN2000670
Originating Board BRIGHT
Year Built 1940
Annual Tax Amount $258
Tax Year 2022
Lot Size 0.750 Acres
Acres 0.75
Property Sub-Type Retail
Property Description
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.
Location
State VA
County Henrico
Zoning B-3
Interior
Hot Water Electric
Heating None
Cooling None
Flooring Hardwood
Heat Source None
Exterior
Garage Spaces 2.0
Utilities Available Electric Available,Phone Available,Water Available
Water Access N
View City
Roof Type Composite
Street Surface Paved
Accessibility None
Road Frontage City/County
Total Parking Spaces 2
Garage N
Building
Lot Description Additional Lot(s),Backs to Trees,Cleared,Road Frontage,Subdivision Possible
Foundation Crawl Space
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Henrico County Public Schools
Others
Tax ID 794-737-5854
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional
Special Listing Condition Standard