$1 Auction – Former SunTrust Bank | 18K VPD | Three Drive-Thru Lanes

Highlights:

• Former Bank with Three Drive-Thru Lanes: ±2,869-SF branch combines a canopy, pylon sign, and functional stacking for efficient reuse.
• Parking-Rich Corner Site on ±0.65 Acres: 35 striped spaces and multiple curb cuts supporting easy customer circulation.
• High-Visibility Azalea Avenue Position: Frontage captures ±17,931 VPD, with nearby corridor counts reaching ±20,570 vehicles daily.
• I-95 Access Amid Daily-Needs Retail: Walmart, Food Lion, Dollar Tree, Subway, Walgreens, and fuel stations generate steady visits.
• Broad B-2 Commercial Reuse Potential: By-right categories include office, medical, restaurant, convenience, service, and veterinary.
• Dense Richmond Trade Area Fundamentals: Five-mile demographics total ±240,828 residents with average household income of ±$100,151.

Description:

View details and diligence materials on RI Marketplace:
https://rimarketplace.com/auction/3401/retail/richmond/va?utm_source=brevitas&utm_medium=paid_listing&utm_campaign=october21_2026&utm_content=retail_3401

Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, 1101 Azalea Avenue in Richmond, Virginia is a vacant, ±2,869-square-foot former bank positioned for lease-up, adaptive reuse, or owner-user occupancy. Built in 1981 on a ±0.653-acre dual corner parcel, the freestanding building includes three drive-thru lanes with canopy, a prominent pylon sign, 35 striped parking spaces, and multiple access points supporting efficient ingress/egress. The Property fronts Azalea Avenue, which carries ±17,931 vehicles per day, with nearby corridor volumes reaching ±20,570 VPD, and offers convenient connectivity to I-95, US-301/Chamberlayne Road, and US-1/Brook Road. B-2 Community Business zoning supports a broad mix of potential uses, including financial services, office and medical, convenience retail, restaurant, personal service, and veterinary concepts, subject to applicable approvals. Nearby demand drivers include Walmart Neighborhood Market, Food Lion-anchored Brookhill Azalea Shopping Center, Walgreens, Dollar Tree, Subway, fuel stations, Henrico High School, and Richmond Raceway. Within five miles, the property reaches ±240,828 residents with average household income of ±$100,151. CoStar estimates local retail rents at $17-$21 per square foot, reinforcing the value-add opportunity for investors and owner-users seeking a parking-rich, drive-thru-equipped Richmond asset.


Bidding Opens
Oct 20 12:00 AM
Bidding Closes
Oct 22 12:00 AM

Documents: