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$ 265,000
Est. payment /mo
Active
508 Savannah AVE Richmond, VA 23222
0.46 Acres Lot
UPDATED:
03/05/2025 03:55 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2408060
Construction Status Actual
HOA Y/N No
Year Built 1940
Lot Size 0.460 Acres
Acres 0.46
Property Description
This property is one of 2 contiguous lots that can be purchased together or seperately at 505 and 508 Savannahe Ave. This listing is 508 Savannah Ave, which is .19ac lot with bungalow-type 1118sf building. This property is located in a fast-growing Opportunity Zone of Eastern Henrico County and is zoned B3 for uses, including Office, Retail, Drive-Thru, Automotive Filling Station, Live/Work Dwellings. It is contiguous to 505 Savannah Ave, which is a vacant .28ac corner lot with good visibility and access on 2 road. Together, they are apr .48ac with 120' fronting Richmond-Henrico Turnpike at Savannah Ave, apr. a half mile from Richmond Raceway and Amazon Robotics Center, Approximately 10,000 vehicles pass per day. a half mile from Richmond Raceway and Amazon Robotics Center, with ingress and egress on both heavily traveled corridors. This location is experiencing growth with nearby development of homes and businesses, in addition to a major roadway enhancement project on Azalea, across Laburnum from this location, including bike lanes, streetlights and a new water main. The B-3 district is intended to provide a mix of commercial, automotive, and recreational activities, typically located along arterial roadways. Amazon Robotics Center, Richmond International Raceway, Memorial Regional Medical Center and Laburnum Medical Centers are located nearby. There is opportunity to redevelop the existing building for business use and add onsite parking. Street parking is also available on Savannah Ave. This corridor connects significant residential and retail development nearby, as well as the $22.5 million enhancement project from Richmond-Henrico Turnpike and Laburnum Ave south, with plans for 6 lanes, sidewalks, bike lanes, landscaping, and new water main
Location
State VA
County Henrico
Area 32 - Henrico
Exterior
Fence None
Roof Type Composition,Shingle
Topography Level
Building
Lot Description Level
Building Description Metal Siding,Vinyl Siding, Single-Tenant
Story 1
Water Public
Level or Stories One
Structure Type Metal Siding,Vinyl Siding
Construction Status Actual
Others
Tax ID 794-737-6554
Ownership Investment,Owner-User
Listed by HAAS Realty Group