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505 Savannah Ave Richmond, VA 23222

Sponsored
For Sale
$425,000

High-traffic corner lot, 1,100 sqft building

Property size:
1,100 SF

Description

Added:
Feb 3, 2025
Days on Market:
339
This exceptional mixed-use property presents a compelling investment opportunity in Richmond, VA. Encompassing a 0.75-acre corner lot at the intersection of Savannah Avenue and the Richmond-Henrico Turnpike, this offering includes two parcels totaling 1,100 square feet of building space. The existing vacant bungalow sits on a highly visible location with approximately 120 feet of frontage on the Turnpike, benefiting from an estimated 10,000 vehicles per day passing by. Its B3 zoning allows for diverse business uses, making it ideal for redevelopment or adaptive reuse. The property's strategic location offers convenient access to major transportation arteries, placing it approximately half a mile from both the Richmond Raceway and the Amazon Robotics Center. On-site parking can be added, supplementing the existing street parking available on Savannah Avenue. The sale includes two separate lots: Edwards Park Lot Pt 36 3 7 2 A1 22 (508 Savannah Ave) and Edwards Park Lot Pt 38 39 40 41 2 A1 22 (505 Savannah Ave). The property is being sold "as is." Note that an adjacent 2.1-acre parcel at 3810 Meadowbridge Road is also available, presenting the potential for a combined 2.9-acre development (see MLS # VAHN2000668 for details). This is a rare chance to acquire a prime commercial property in a rapidly growing area.

Property Features for 505 Savannah Ave

General Information

Property type
Mixed-use properties
Square Feet
1,100 SF
Lot Size
32,670 SF

Building Details

Year Built
1940

Property Profile Location Intelligence

Current Use by Public Records

Mixed-use properties

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Accounting Firm

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Richmond
County
Henrico
State
Virginia
Longitude
-77.42419
Latitude
37.58276

FAQs

What type of property is this?
Mixed-use property - High-traffic corner lot, 1,100 sqft building
Where is this mixed-use property located?
The property is located at 505 Savannah Ave Richmond, VA.
What is the asking price?
The asking price for this property is $425,000.
More about this property
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