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    FOR SALE
    Banks

    1101 Azalea Ave, Richmond, VA 23227

    2,676 SF 0.66 ac lot Built 1981
    Entity Owned 4-yr Hold Free & Clear
    Property ID
    US87-3693729
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Banks
    Use group FINANCIAL BUILDING
    Year built 1981
    Construction TYPE NOT SPECIFIED
    Total area 2,676 SF
    Lot 0.66 ac (28,784 SF)
    Zoning code B-2 COMMUNITY BUSINESS
    APN N-017-0079-027
    UPID US87-3693729
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $545k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $655k
    Owner & transaction history
    Lemonade Mm Azalea LLC · 4 yrs held
    Lemonade Mm Azalea LLC
    since 2022
    Last sale
    $725,000
    3 recorded transactions
    2022
    $725,000
    2013
    $757,937
    2008
    $707,661
    Zoning & alternative use
    B-2 COMMUNITY BUSINESS · Richmond, VA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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