1101 Azalea Ave, Richmond, VA 23227
For Sale
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This exceptional 2,831 square foot commercial property, located at 1101 Azalea Ave in Richmond, VA, presents a unique investment opportunity. Situated on a 0.65-acre lot in Richmond County, this single-tenancy building is currently vacant and ready for immediate occupancy. The property's previous use as a bank branch offers a versatile layout adaptable to various commercial ventures, including executive office space, retail, or restaurant operations. Its strategic location across from a Jiffy Lube and KFC ensures high visibility and convenient access for potential customers and employees. The building's total square footage is 2,831 square feet, all of which is currently available. The property is classified as both retail and office space, making it suitable for a wide range of businesses. The address is 1101 Azalea Ave, Richmond, VA 23227. This property offers a compelling combination of prime location, ample space, and adaptability, making it an ideal choice for businesses seeking a prominent presence in a high-traffic area of Richmond. The property is available for lease.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-2 COMMUNITY BUSINESS · Richmond, VARichmond. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.