508 Savannah Avenue Richmond, VA ^$ 265,000

508 Savannah Avenue

^$ 265,000

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508 Savannah Avenue

Richmond, VA, 23222

^$ 265,000

Studio Baths0.0

Monthly Estimate*

^$ 1,851

508 Savannah Avenue, Richmond, VA 23222 - Image 1

508 Savannah Avenue, Richmond, VA 23222 - Image 2

Studio

Commercial Property for sale in Richmond, VA

for $265,000. This building was built in 1940 on a lot size of 0.46.

Corner lot with 1100sf vacant bungalow, 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. 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.

Commercial Active

Price

^$ 265,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Commercial Sale

Lot Size

0.46

Year Built

1940

Town/City

Richmond

County/Region

Henrico

MLS | Web ID

2408060

Features

General

Possession CloseOfEscrow Negotiable

Roof Composition Shingle

Construction Materials MetalSiding VinylSiding

Year Built 1940

Stories 1

Topography Level

Levels One

Percent Ownership Investment Owner-User

County Henrico

New Construction N

Property Type CommercialSale

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Building Features SingleTenant

Total Rooms 4

Status Active

View Y/N N

Senior Community Y/N N

MLS Area 32 - Henrico

Waterfront Y/N N

Carport Y/N N

Street Name Savannah

Property Attached Y/N N

Year Built Details Actual

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 22

Standard Status Active

Tax Assessed Value 0

Exterior

Fencing None

Lot Features Level

Water Source Public

Lot Size Area 0.46

Spa N

Lot Size Acres 0.46

Lot Size Units Acres

Road Frontage Type CityStreet

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 1

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Full Baths 0

Half Baths 0

Street Suffix Avenue

Electric On Property Y/N N

Total Baths 0

* Excluded Features

List By

Susan Haas

Listing Agent

Haas Realty Group

Broker

susiehaas2@gmail.com

Affordability Calculator

$1,851

Per Month

Monthly Principal & Interest: $1,851
Monthly Property Taxes: --
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Richmond, VA

Average List Price ^$1,124,006

Percent of Sale Price 324%

About Richmond, VA

5,516 Population

-15% Since 2002

^$48,726 Median Income

37.52 Median Age

19% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1821039 Elementary School

1821205 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/3/2024	$160,000	-62.35%	Price Down
4/2/2024	$425,000		Listed Price

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508 Savannah Avenue, Richmond, VA, 23222 is a Commercial Property for sale at $265,000 with a lot size of 0.46. 508 Savannah Avenue is a studio with 0.0 baths and was built in 1940. The property's zip code is 23222 which is in Richmond, VA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Properties marked with the CVRMLS icon are provided courtesy of Central Virginia Regional Multiple Listing Service, LLC and detailed information about them includes the name of the listing brokers.

The multiple listing information is provided by Central Virginia Regional Multiple Listing Service, LLC from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2024 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 5/10/2024.

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508 Savannah Avenue

Commercial Property for sale in Richmond, VA

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