.48 Acres Opportunity Zone Land

Investment Overview

505 Savannah Ave is a vacant corner lot with 120' fronting Richmond-Henrico Turnpike at Savannah Ave, PID 794-737-5854 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.

Investment Highlights

• .48 Ac. Zoned B3
• Redevelopment Opportunity
• Ideal for commercial uses
• Opportunity Zone Land
• Visible Corner Lot