Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1101 Azalea Ave Richmond, VA 23227

    Sponsored
    For Lease
    $23 SF/Yr ($5,129 /Mo)

    Former Bank, 3 Drive-Thrus, High Visibility

    Lot size:
    2,676 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2,676 square foot former bank building presents a unique investment opportunity in Richmond, Virginia. Situated on a 0.66-acre lot on Azalea Avenue, north of the downtown area, this single-tenant property boasts unparalleled visibility due to its location along a major corridor and two lighted intersections. The building features three existing drive-thru lanes, two full access points from Azalea Avenue, and ample parking for 35+ vehicles. The property benefits from high traffic counts, with over 17,000 vehicles passing daily. Built in 1981, the one-story building is zoned B-2 (Community Business), allowing for a wide variety of retail and commercial uses. Ideal for redevelopment or immediate occupancy, potential uses include a bank, coffee shop, quick-service restaurant (QSR), or other similar businesses. The large, unobstructed pylon sign offers excellent branding potential. This property offers a rare combination of location, accessibility, and existing infrastructure, making it an attractive proposition for discerning investors and businesses seeking a high-impact presence in a thriving market. The property's APN is N0170079027.

    Property Features for 1101 Azalea Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,676 SF
    Total Rate
    5129

    Building Details

    Year Built
    1981
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    2,676 SF
    Rate per SF
    $27

    HighLights

    • 2,676 SF former bank building on a 0.66‑acre lot.
    • Three drive‑thru lanes and two access points on Azalea Ave.
    • High visibility location with 17,000+ vehicles per day.
    • B‑2 zoning allows for various retail/commercial uses, including redevelopment.
    • 35+ parking spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.451939334696
    Latitude
    37.601626448933

    Nearby Similar for Lease

    • $5,800 /Mo
      16,988 SF

      Versatile Commercial Building in Richmond, VA

      Functional space with redevelopment potential in a growing area.
      2700 North Ave, Richmond, VA 23222
      View Details
    • $5,800 /Mo
      16,988 SF

      Versatile Building in Prime Location

      Functional space suitable for various uses in a growing area.
      2700 North Ave, Richmond, VA 23222
      View Details
    • $2,031 /Mo

      Renovated Retail/Office Space Available

      Renovated first-floor suite with high traffic exposure in Richmond.
      1208 Hull Street Rd, Richmond, VA 23224
      View Details
    • New
      $3,990 /Mo
      13,068 SF

      Richmond Commercial Kitchen and Restaurant

      Stand-alone retail building with 20+ parking spaces, suitable for restaurant.
      4809 Parker St, Richmond, VA 23231
      View Details
    • $2,100 /Mo

      Colonial Office Building For Lease

      All brick colonial office building near Johnston-Willis Hospital.
      10045 Midlothian Tpke, Richmond, VA 23235
      View Details
    • $390 /Mo

      Office Space For Lease

      Office space available for lease in Chesterfield, Virginia.
      1221 Mall Dr, Richmond, VA 23235
      View Details
    • $2,000 /Mo
      43,560 SF

      Richmond Commercial Space For Lease

      1000 SF commercial space available off I-95 in Richmond.
      5604 Chamberlayne Rd, Richmond, VA 23227
      View Details
    • Contact for pricing
      1,875 SF

      Richmond Industrial Flex Space Available

      Flexible office/warehouse space with easy access to major routes.
      8522-8572 Sanford Dr, Richmond, VA 23228
      View Details
    • Contact for pricing
      3,525 SF

      Richmond Retail Center For Lease

      Neighborhood shopping center with high traffic and instant name recognition.
      8502-8540 Patterson Ave, Richmond, VA 23229
      View Details
    • Contact for pricing
      5,000 SF

      Richmond Industrial Flex Space Available

      Flexible office/warehouse space with easy access to major routes.
      8580-8598 Sanford Dr, Richmond, VA 23228
      View Details
    • Contact for pricing
      2,075 SF

      Downtown Richmond Office Space Available

      Renovated office building in the heart of downtown Richmond.
      626 E Broad St, Richmond, VA 23219
      View Details
    • Contact for pricing
      2,355 SF

      Richmond Flex Space Available

      Light industrial office/warehouse space with easy access to major routes.
      8425-8447 Glazebrook Ave, Richmond, VA 23228
      View Details

    FAQs

    What type of property is this?
    Restaurant - Former Bank, 3 Drive-Thrus, High Visibility
    Where is this restaurant located?
    The property is located at 1101 Azalea Ave Richmond, VA.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: 2,676 SF former bank building on a 0.66-acre lot.; Three drive-thru lanes and two access points on Azalea Ave.; High visibility location with 17,000+ vehicles per day.
    Request Owner's contact information
    1101 Azalea Ave Richmond, VA 23227
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1101 Azalea Ave
    Richmond, VA 23227
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1101 Azalea Ave Richmond, VA 23227
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.