508 Savannah Avenue Richmond, VA 23222
Commercial property in a growing Opportunity Zone, zoned B3.
Type:Commercial/Industrial
Property size:
1,118 SFLot size:
0.46 Acres- Added:
- Mar 11, 2026
- Days on Market:
- 22
- Last Refresh:
- Mar 27 at 12:24 am
Property Features for 508 Savannah Avenue
General Information
- Standard status
- Active
- Size
- 1,118 SF
- Lot size
- 0.46 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1940
Listing agent Susan Haas License #0225083094
Listing office RVA Real Property Solutions LLC (804) 349-5788
Listing date Mar 11, 2026
Source Exitrealty
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 RVA Real Property Solutions LLC
Overview
Savannah Avenue Commercial Redevelopment Opportunity
Located in the rapidly developing Opportunity Zone of Eastern Henrico County, this property at 508 Savannah Avenue features a 0.19-acre lot improved with an 1118-square-foot bungalow-type building. Zoned B3, the site allows for a variety of uses, including office, retail, drive-thru, automotive filling station, and live/work dwellings. The property is contiguous to 505 Savannah Ave, a vacant 0.28-acre corner lot, offering combined development potential. Together, the lots total approximately 0.48 acres with 120 feet of frontage on Richmond-Henrico Turnpike at Savannah Avenue. The location benefits from high visibility and access on two roads, with approximately 10,000 vehicles passing per day. It is situated approximately half a mile from Richmond Raceway and the Amazon Robotics Center. The area is experiencing growth, with new homes and businesses under development, along with a major roadway enhancement project on Azalea Avenue, across from Laburnum Avenue, which includes bike lanes, streetlights, and a new water main. The B-3 district is designed to accommodate a mix of commercial, automotive, and recreational activities, typically along arterial roadways. Nearby are the Amazon Robotics Center, Richmond International Raceway, Memorial Regional Medical Center, and Laburnum Medical Centers. There is an opportunity to redevelop the existing building for business use and add on-site parking. Street parking is available on Savannah Avenue. The location is near a $22.5 million enhancement project from Richmond-Henrico Turnpike and Laburnum Avenue south, with plans for 6 lanes, sidewalks, bike lanes, landscaping, and a new water main.
Location Intelligence
Current Use by Public Records
Storefront properties
Similar Places Nearby
- The Flower Guy Bron — 214 W Brookland Park Blvd Suite B, Richmond, VA 23222
- Brookland Park Flowers and Gifts — 214 W Brookland Park Blvd, Richmond, VA 23222
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Richmond City
- State
- Virginia
- Longitude
- -77.4242
- Latitude
- 37.5827
Nearby Similar for Sale
FAQs
What type of property is this?
Storefront property - Commercial property in a growing Opportunity Zone, zoned B3.
Where is this storefront property located?
The property is located at 508 Savannah Avenue Richmond, VA.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Located in a fast‑growing Opportunity Zone with B‑3 zoning, allowing for diverse uses.; High traffic location with approximately 10,000 vehicles passing per day and 120' frontage on Richmond‑Henrico Turnpike.; Contiguous to a .28ac vacant corner lot offering potential for combined development of approximately .48 acres.
