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505 Savannah Ave - 505 and 508 Savannah Ave 0.46 Acres of Commercial Land Offered at $574,738 CAD in Richmond, VA 23222
INVESTMENT HIGHLIGHTS
- Visibility on High-Traffic Road.
- Business Use.
- Redevelop or Build New.
EXECUTIVE SUMMARY
508 Savannah Ave is a .186ac contiguous lot with an 1100sf vacant Bungalow. PID 794-737-6554
505 and 508 Savannah Ave .48Ac with additional land available, up to 3 Acres, with ingress and egress on two heavily traveled corridors. Approximately 10,000 vehicles pass per day. zoned B3 for uses, including Office, Retail, Drive-Thru, Automotive Filling Station, Live/Work Dwellings, and most business uses, located in an Opportunity Zone in Eastern Henrico County, apr. a half mile from Richmond Raceway and Amazon Robotics Center. Memorial Regional Medical Center and Laburnum Medical Centers are located nearby. This location is experiencing revitalization with new homes and businesses, 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.
PROPERTY FACTS
1 LOT AVAILABLE
Lot 505 & 508
| Price | $574,738 CAD | Lot Size | 0.46 AC |
| Price Per AC | $1,249,429.66 CAD |
| Price | $574,738 CAD |
| Price Per AC | $1,249,429.66 CAD |
| Lot Size | 0.46 AC |
(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")
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. Allowed uses include offices, retail uses, drive-thru and specialty restaurants, automotive filling stations, and live/work dwellings. Call Susan Haas for additional information: 804-349-5788
PROPERTY TAXES
| Parcel Number | 794-737-5854 | Improvements Assessment | $0 CAD |
| Land Assessment | $42,330 CAD | Total Assessment | $42,330 CAD |
PROPERTY TAXES
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505 Savannah Ave - 505 and 508 Savannah Ave
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