505 Savannah Ave Richmond, VA 23222
Property profile & analytics
505 Savannah Ave Richmond, VA 23222
- Commercial land
- 0.28 lot acres
Property ID
US87-1035487
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial land
Property Details for 505 Savannah Ave
- Lot size
- 0.28 lot acres
- Zone code
- B-3
- Property type
- Commercial land
- APN
- 794-737-5854
- APU
- 7947375854
Description
This exceptional mixed-use property presents a compelling investment opportunity in Richmond, VA. Encompassing a 0.75-acre corner lot at the intersection of Savannah Avenue and the Richmond-Henrico Turnpike, this offering includes two parcels totaling 1,100 square feet of building space. The existing vacant bungalow sits on a highly visible location with approximately 120 feet of frontage on the Turnpike, benefiting from an estimated 10,000 vehicles per day passing by. Its B3 zoning allows for diverse business uses, making it ideal for redevelopment or adaptive reuse. The property's strategic location offers convenient access to major transportation arteries, placing it approximately half a mile from both the Richmond Raceway and the Amazon Robotics Center. On-site parking can be added, supplementing the existing street parking available on Savannah Avenue. The sale includes two separate lots: Edwards Park Lot Pt 36 3 7 2 A1 22 (508 Savannah Ave) and Edwards Park Lot Pt 38 39 40 41 2 A1 22 (505 Savannah Ave). The property is being sold "as is." Note that an adjacent 2.1-acre parcel at 3810 Meadowbridge Road is also available, presenting the potential for a combined 2.9-acre development (see MLS # VAHN2000668 for details). This is a rare chance to acquire a prime commercial property in a rapidly growing area.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Henrico
- State
- Virginia
- Longitude
- -77.4244
- Latitude
- 37.5828
- CBSA code
- 40060
- CBSA name
- RICHMOND, VA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$252
$30,000
$0.00
$30,000
-
$30,000
$0.00
$30,000
