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1101 E Azalea Ave 2,831 SF Retail Building Richmond, VA 23227 $951,300 CAD ($336.03 CAD/SF)
Investment Highlights
- + Land Area: 0.6608 AC, 2,676 SF existing bank building
- + Three existing drive-thru lanes
- + B-2 – Business (Community Business) zoning allows for a wide range of retail/commercial uses
- + Two full access points along Azalea Avenue
- + 17,000+ vehicles per day directly in front of the site
- + Highest & Best Uses include: Bank, Coffee, QSR (quick service restaurant),Redevelopment
Executive Summary
*Owner is motivated and flexible
The site is a 2,676 square foot former bank situated on an entire city block along Azalea Avenue north of downtown Richmond, Virginia. Highly visible along the corridor and from flanking lighted intersections, the site enjoys two (2) full access points, a three-lane drive-thru, and a large unobstructed pylon sign.
+ Land Area: 0.6608 AC
+ 2,676 SF existing bank building
+ Two full access points along Azalea Avenue
+ Three existing drive-thru lanes
+ 17,000+ vehicles per day directly in front of the site
+ B-2 – Business (Community Business) zoning allows for a wide range of retail/commercial uses
+ Highest & Best Uses include: Bank, Coffee, QSR (quick service restaurant),Redevelopment
The site is a 2,676 square foot former bank situated on an entire city block along Azalea Avenue north of downtown Richmond, Virginia. Highly visible along the corridor and from flanking lighted intersections, the site enjoys two (2) full access points, a three-lane drive-thru, and a large unobstructed pylon sign.
+ Land Area: 0.6608 AC
+ 2,676 SF existing bank building
+ Two full access points along Azalea Avenue
+ Three existing drive-thru lanes
+ 17,000+ vehicles per day directly in front of the site
+ B-2 – Business (Community Business) zoning allows for a wide range of retail/commercial uses
+ Highest & Best Uses include: Bank, Coffee, QSR (quick service restaurant),Redevelopment
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Bank
Building Size
2,831 SF
Building Class
C
Year Built
1970
Price
$951,300 CAD
Price Per SF
$336.03 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.62 AC
Zoning
B-2 - B-2(Community Business) zoning allows for a wide range of retail/commercial uses
Parking
35 Spaces (12.36 Spaces per 1,000 SF Leased)
Frontage
141’ on Azalea Ave
Amenities
- Banking
- Bus Line
- Corner Lot
- Pylon Sign
- Signage
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | N017-0079-027 | Improvements Assessment | $535,446 CAD |
| Land Assessment | $577,575 CAD | Total Assessment | $1,113,021 CAD |
Property Taxes
Parcel Number
N017-0079-027
Land Assessment
$577,575 CAD
Improvements Assessment
$535,446 CAD
Total Assessment
$1,113,021 CAD
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1101 E Azalea Ave
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