Listing Agency: p***@cbre.com Show Phone

Listed By: Pam Strieffler Show Phone

Source: Cbre

Added: Mar 25 Changed: Aug 23 Last Checked: Aug 22 at 11:33AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pam Strieffler

Investment Insights

Based on property information with market context.

The property is a 2,676 square foot former bank building situated on 0.653 acres along Azalea Avenue, north of downtown Richmond, Virginia. The site is highly visible along the corridor and from flanking lighted intersections. It features two full access points, a three-lane drive-thru, and a large unobstructed pylon sign. The location benefits from traffic of over 17,000 vehicles per day directly in front of the site. The B-2 – Business (Community Business) zoning allows for a wide range of retail and commercial uses. Potential highest and best uses include a bank, coffee shop, or quick service restaurant, as well as redevelopment.

Key Highlights

• High visibility location on Azalea Avenue with 17,000+ vehicles per day.
• B‑2 zoning allows for a wide range of retail/commercial uses.
• Three existing drive‑thru lanes.**

Property Analytics

Property Profile

Current Use

Banks

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Kitchen & Bath Showroom Parking Lot & Garage Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

378

Businesses Nearby

Explore this area Business Placement

Demographics for 23227, VA

25,283

Population

13,351

Households

1.9

Avg Household Size

45

Median Age

47%

College-Educated

93%

High-School Grad

11.5 sq mi

ZIP Area

2,199

Density / Sq Mi

$70,537

Median Household Income

$45,315

Median Earnings

$1,306

Median Rent

$329,700

Median Home Value

Market

Vacancy Rate% for Retail in Richmond, VA

6.9% 2019

7.5% 2020

7% 2021

5.2% 2022

4.2% 2023

4.9% 2024

5.7% 2025

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Frequently Asked Questions

What type of property is this?

Bank - 2,676 SF former bank building for sale on 0.653 AC.

Where is this bank located?

The property is located at 1101 Azalea Avenue Richmond, VA.

What are key features of this property?

This property features: High visibility location on Azalea Avenue with 17,000+ vehicles per day.; B‑2 zoning allows for a wide range of retail/commercial uses.; Three existing drive‑thru lanes.**