1101 Azalea Ave - Bank FOR SALE


Richmond, VA 23227- Ginter Park
$175,000 USD
301-706-4619
1101 Azalea Ave, Richmond, VA for Sale
$175,000 USD
Bank - FOR SALE
1/18
null | Request Cap Rate

1101 Azalea Ave
Richmond, VA 23227
Ginter Park


HIGHLIGHTS

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

OVERVIEW

Brokered by Marcus & Millichap, 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.

FOR SALE DETAILS

PRICE

$175,000 USD

PRICE/SF

$62 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$1 Auction – Former SunTrust Bank | 18K VPD

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

B-2

APN/PARCEL ID

N017-0079-027

ASK ABOUT THIS PROPERTY

Adam SklaverMarcus & MillichapMore Info
301-706-4619

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Adam SklaverMarcus & MillichapMore Info
301-706-4619

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.