306 E Main St
Richmond, VA 23219
Downtown Richmond Office · Office Property For Sale

The Downtown Richmond Office Building is vacant office building located in the heart of Downtown Richmond, VA at 306 East Main Street. The Property presents an opportunity to acquire a vacant office asset with tremendous value-add opportunities through lease up at long term market rates or future redevelopment/repositioning. Built in 1915 and renovated in 2016, the Downtown Richmond Office Building is comprised of 1 two-story building on a ±0.13 AC parcel. The building has ±7,416 SF and also has a lower level finished basement and rooftop terrace. The property has a painted brick exterior, exposed brick interior, hard wood floors, and other features perfect for creative office space tenants and offers ±3 parking spaces in the rear of the building. In 2016, the owner replaced the roof over the 1st floor (comes with a 20-yr warranty). Richmond, the capital of the Commonwealth of Virginia, is a vibrant city with 400 years of history. Richmond's economy is primarily driven by law, finance, and government, with federal, state, and local governmental agencies, as well as notable legal and banking firms, located in the downtown area. The Downtown Richmond Office Building has direct frontage on Main Street in the Monroe Ward Submarket. The Property is located in a prime location in the heart of Downtown Richmond only minutes to major expressways, with a Walk Score® of 96 known as a ‘Walker's Paradise’. The Property is located on Main Street Station and benefits from dense demographics. In 2018 the Property has approximately ±258,825 individuals residing within a five-mile radius and an average household income of ±$63,090. In 2018, the total specified consumer spending within a 5-mile radius of the Property accounts for ±$2,238,971,000 and there are ±13,957 businesses and ±180,287 employees. The Property benefits from its prime downtown location near numerous area POI, hotels, entertainment, restaurants, and shops. The Property is located ±0.9 miles from Virginia Commonwealth University, ±0.5 miles from Virginia State Capitol, ±0.9 miles from Richmond Coliseum, ±0.6 miles from Brown's Island, ±0.9 miles from Monroe Park, ±1 mile The American Civil War Museum, and many other major points of interest. Additionally, Richmond is about a two-hour drive from the Washington DC area and Amtrak just recently expanded its service to Richmond and provides an easy train ride from Union Station. The Downtown Richmond Office Building offers investors the opportunity to purchase a vacant office building with significant upside potential located in a prime location in the heart of Downtown Richmond with dense demographics.