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Truist 5018 E Seminary Ave

2,831 SF Retail Building Richmond, VA 23227 $750,000 ($265/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

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
Distress Sale
Property Type
Retail
Property Subtype
Bank
Building Size
2,831 SF
Building Class
C
Year Built
1970
Price
$750,000
Price Per SF
$265
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Land Acres
0.63 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 FT on Azalea Ave

Amenities

  • Banking
  • Bus Line
  • Corner Lot
  • Pylon Sign
  • Signage
  • Drive Thru

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 2,831 SF
  • Retail
  • Outparcel
  • Now

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.

Space Size Space Use Position Available
1st Floor 2,831 SF Retail Outparcel Now

1st Floor

Size
2,831 SF
Space Use
Retail
Position
Outparcel
Available
Now

1st Floor

Size 2,831 SF
Space Use Retail
Position Outparcel
Available Now

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.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
N017-0079-027
Land Assessment
$425,000
Improvements Assessment
$394,000
Total Assessment
$819,000
  • Listing ID: 31511266

  • Date on Market: 4/15/2024

  • Last Updated:

  • Address: 5018 E Seminary Ave, Richmond, VA 23227

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