Former Bank Building on
For Sale
$640,000
1101 Azalea Avenue, Richmond, VA 23227
2,676 SF former bank building for sale on 0.653 AC.
Property Size14,003 SF
Lot Size0.65 Acres
Price / SF$45.70
Days on Market221
Property Features for 1101 Azalea Avenue
General Information
Standard status
Active
Size
14,003 SF
Lot size
0.65 Acres
Property subtype
Retail
Site & Location
Neighborhood
Gnp
Listing Agency:
CBRE | Richmond
Listed By:
Pam Strieffler
(804) 201-2026
Source:
Cbre
Added: Mar 25
Changed: Oct 28
Last Checked: Oct 30 at 11:15AM
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 CBRE | Richmond
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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
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Current Use
Location Intelligence
Trade Area within ½ mile
378
Businesses Nearby
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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
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Market
Vacancy Rate% for Retail in Richmond, VA
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 is the asking price?
The asking price for this property is $640,000.
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.**
