For Auction
$1 Auction – Former SunTrust Bank | 18K VPD | Three Drive-Thru Lanes
Richmond, VA 23227Represented by
Marcus & Millichap
Asset Snapshot
Investment Highlights
Offering Summary
Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, 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.
Due Diligence
Transaction Managers
Platform Fee
Buyer pays platform fee at closing.
5% or $20,000 minimum
How it Works
Learn about bidding, reserve prices, and closing.
Read the auction guideAuctioneer
Need Help?
Your transaction managers are your first point of contact for any auction or process questions. For additional support:
Investment Sales Brokers
Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
