B-3 Commercial
For Sale
$415,000
505 and 508 Savannah Ave, Richmond, VA 23222
B-3 zoning supports office, retail, drive-thru, automotive, live/work, and other business uses.
Property SizeContact for details
Days on Market52
Property Features for 505 and 508 Savannah Ave
General Information
Standard status
Active
Property subtype
VacantLand
Listing Agency:
Haas Realty Group
Listed By:
Susan Haas, MURP
Source:
Commercialcafe
Added: Jul 13
Changed: Aug 29
Last Checked: Sep 2 at 1:57PM
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 Haas Realty Group
Investment Insights
Based on property information with market context.
This offering combines two Savannah Avenue parcels totaling .48Ac, including a vacant corner lot and a contiguous parcel improved with an 1100sf vacant bungalow. The property is positioned at Richmond-Henrico Turnpike and Savannah Ave, with 120' of frontage and access from two heavily traveled corridors. Additional land is available, with expansion potential up to 3 Acres.
The site is zoned B3 and located within an Opportunity Zone in Eastern Henrico County. Permitted uses identified for the district include office, retail, drive-thru, automotive filling station, live/work dwellings, and most business uses. Approximately 10,000 vehicles pass the area daily. Richmond Raceway and the Amazon Robotics Center are approximately a half mile away, with Memorial Regional Medical Center and Laburnum Medical Centers also nearby.
The site is zoned B3 and located within an Opportunity Zone in Eastern Henrico County. Permitted uses identified for the district include office, retail, drive-thru, automotive filling station, live/work dwellings, and most business uses. Approximately 10,000 vehicles pass the area daily. Richmond Raceway and the Amazon Robotics Center are approximately a half mile away, with Memorial Regional Medical Center and Laburnum Medical Centers also nearby.
Key Highlights
- .48Ac across 505 and 508 Savannah Ave, with additional land available up to 3 Acres
- 120' frontage on Richmond‑Henrico Turnpike at Savannah Ave
- B3 zoning supports office, retail, drive‑thru, automotive, live/work, and most business uses
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
282
Businesses Nearby
Explore this area
Business Placement
Demographics for 23222, VA
24,337
Population
11,762
Households
2.1
Avg Household Size
37
Median Age
32%
College-Educated
90%
High-School Grad
8.2 sq mi
ZIP Area
2,968
Density / Sq Mi
$58,105
Median Household Income
$37,137
Median Earnings
$1,181
Median Rent
$252,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - B-3 zoning supports office, retail, drive-thru, automotive, live/work, and other business uses.
Where is this commercial land located?
The property is located at 505 and 508 Savannah Ave Richmond, VA.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: .48Ac across 505 and 508 Savannah Ave, with additional land available up to 3 Acres; 120' frontage on Richmond‑Henrico Turnpike at Savannah Ave; B3 zoning supports office, retail, drive‑thru, automotive, live/work, and most business uses
