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505 and 508 SAVANNAH AVENUE, Richmond, VA 23222

  • $415,000

Overview

Property ID: VAHN2000670
  • Retail, Commercial Sale
  • Property Type
  • 1100 Sqft
  • Area Size
  • 1940
  • Year Built
  • VAHN2000670
  • MLS#

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.

  • Address: 505 and 508 SAVANNAH AVENUE
  • City: Richmond
  • State: VA
  • Zip/Postal Code: 23222
  • Country: US

Details

Updated on July 11, 2025 at 2:06 pm
  • Property ID VAHN2000670
  • Price $415,000
  • Property Size 1100 Sqft
  • Land Area 0.75 Acres
  • Garage Size x x
  • Year Built 1940
  • Property Type Retail, Commercial Sale
  • Property Status Active
  • MLS# VAHN2000670

Additional details

  • Roof Composite
  • Utilities Electric Available,Phone Available,Water Available
  • Sewer Public Sewer
  • Cooling None
  • Heating None
  • Flooring Hardwood
  • County HENRICO-VA
  • Property Type Commercial Sale

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