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1014 West Franklin Street 1014 W Franklin St 8,892 SF 100% Leased Office Building Richmond, VA 23284 For Sale
INVESTMENT HIGHLIGHTS
- Prime location adjacent to VCU campus in Richmond’s urban core
- Walkable to diverse retail, dining, and cultural amenities
- Versatile building footprint with detached garage for added utility
- Excellent regional access via I-95, I-64, and I-195
- Strong demographics with high household income and employment density
EXECUTIVE SUMMARY
Positioned in the heart of Richmond’s dynamic urban core, 1014 W Franklin Street offers a rare opportunity to acquire a well-located asset adjacent to Virginia Commonwealth University’s bustling campus. This three-story building with basement and detached garage sits on a compact 0.119-acre parcel, making it ideal for adaptive reuse or redevelopment. The property benefits from exceptional connectivity with immediate access to I-95, I-64, and I-195, ensuring seamless regional reach.
Surrounding amenities include a vibrant mix of retail, dining, and cultural attractions, all within walking distance, creating strong appeal for office, educational, or specialty uses. The area’s demographics underscore its investment potential: over 148,000 residents within three miles and an average household income exceeding $100,000. Daytime employment density is equally compelling, with nearly 100,000 workers in the three-mile radius, supporting robust demand drivers.
Whether repositioned for institutional use or modernized for creative office space, this property’s strategic location and urban character make it a standout investment in one of Richmond’s most sought-after corridors.
Surrounding amenities include a vibrant mix of retail, dining, and cultural attractions, all within walking distance, creating strong appeal for office, educational, or specialty uses. The area’s demographics underscore its investment potential: over 148,000 residents within three miles and an average household income exceeding $100,000. Daytime employment density is equally compelling, with nearly 100,000 workers in the three-mile radius, supporting robust demand drivers.
Whether repositioned for institutional use or modernized for creative office space, this property’s strategic location and urban character make it a standout investment in one of Richmond’s most sought-after corridors.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
8,892 SF
Building Class
C
Year Built
1900
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,964 SF
Building FAR
1.86
Lot Size
0.11 AC
Zoning
R-3
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Walk Score®
Walker's Paradise (96)
Bike Score®
Very Bikeable (89)
PROPERTY TAXES
| Parcel Number | W000-0470-025 | Improvements Assessment | $1,007,000 |
| Land Assessment | $317,000 | Total Assessment | $1,324,000 |
PROPERTY TAXES
Parcel Number
W000-0470-025
Land Assessment
$317,000
Improvements Assessment
$1,007,000
Total Assessment
$1,324,000
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1014 West Franklin Street | 1014 W Franklin St
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