Retail in Richmond, VA — Sale in Richmond, VA

  • Price: $640K
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Richmond, VA 23227

Description

Former Bank Building Available 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: 0.653 AC + 2,676 SF existing bank building + $640,000 for sale + 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

Market Context

This retail in Richmond, VA is listed for sale at $640,000. It has been on the market for 195 days. Compare it against other retail listings for sale in Richmond, VA — view the full market.

As of Q1 2026, the Richmond retail market showed average asking rents near $23.93/SF/yr, and cap rates around 5.1%. Source: multiple brokerage reports, Q1 2026.

Retail market FAQ

What is the typical cap rate for retail in Richmond?
About 5.1% as of Q1 2026, per multiple brokerage reports.

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