Land zoned for Business Use with 1100sf Bungalow

505 and 508 Savannah Avenue, Richmond, VA

$425,000

Price

20,124.7 sqft

Lot Area

$21

Price Per Sqft

Gallery
Street
Map
Overview
Lot Area
20,124.7 sqft
Price Per Sqft
$21
Zoning
B3
Permits
No
Buildable Area
15,000 sqft
Construction Status
Redevelopment Project
Description

.462 Acre corner lot zoned B3 for business use with apr. 120' fronting Richmond-Henrico Turnpike at Savannah Ave, apr. a half mile from Richmond Raceway and Amazon Robotics Center, and with apr. 10,000 vpd passing. This offering consists of 505 and 508 Savannah Ave., with an 1100sf vacant bungalow on 508. 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.(This sale includes 2 lots at: 508 Savannah Ave: EDWARDS PARK LT PT 36 37 2 A1 22, 794-737-6554 and 505 Savannah Ave: EDWARDS PARK LT PT 38 39 40 41 2 A1 22, 794-737-5854, sold 'As Is")

Highlights
  • Visibility on High-Traffic Road
  • Redevelop or Build New
  • Business Use
  • Fast-Growing Corridor
Location
Gallery