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505 and 508 SAVANNAH AVENUE, RICHMOND, VA 23222
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$415,000
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Home Details for 505 and 508 SAVANNAH AVENUE
Price
$415,000
Type
Commercial/Industrial
Year Build
1940
Lot Size
0.75
County
HENRICO
Basement
Crawl Space
Tax
$258
MLS®️ Listing#
VAHN2000670
On exitrealty.com
336 days
Property Description
Offering 505 and 508 Savannah Ave.75Ac with additional land available, up to 3 Acres, located in an Opportunity Zone in Eastern Henrico County, zoned B3 for uses, including Office, Retail, Drive-Thru, Automotive Filling Station, Live/Work Dwellings. 505 Savannah Ave is a vacant corner lot with 120' fronting Richmond-Henrico Turnpike at Savannah Ave, apr. a half mile from Richmond Raceway and Amazon Robotics Center, and 508 is a contiguous lot with an 1100sf Bungalow. 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.
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- Utilities
- Phone Available
- Water Available
- Electricity Available
- Cooling Information
- None
- Heating Information
- None
- Water Features
- Public
- Parking
- On Street
- Basement
- Crawl Space
Listing Courtesy: RVA Real Property Solutions LLC - 804-349-5788
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Last Updated: 2025-07-11 08:30:35
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