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Investment Highlights

  • Great visibility
  • In the heart of Richmond city

Property Facts Under Contract

Sale Type
Investment or Owner User
Property Type
Office
Building Size
23,187 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
1923/2002
Price
$2,800,000
Price Per SF
$120.76
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
7,727 SF
Slab To Slab
12’
Building FAR
1.97
Lot Size
0.27 AC
Zoning
B-4 - Central Business District

Amenities

  • Bus Line

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • 1st Floor
  • 7,922 SF
  • Office
  • -
  • Now

TROPHY OFFICE RENOVATION! Positioned prominently at the corner of 5th and East Franklin Street in the heart of downtown Richmond, The Imperial Building at 422 E. Franklin Street represents a rare opportunity to lease space in one of the city’s most architecturally distinctive historic office buildings. Originally constructed in 1923, this three-story, 21,842 square foot asset showcases striking Art Deco design elements, high ceilings, and a commanding façade that offers both presence and prestige just steps from the Capitol complex and the city’s core business and legal districts. Formerly the headquarters of the Richmond Free Press, the property carries a rich legacy that further enhances its character and story. Ideally situated directly across from The John Marshall and Moxy Richmond Downtown, the building is surrounded by some of Richmond’s most vibrant hospitality and dining destinations, including Penny Lane Pub, Buttermilk and Honey, and Rappahannock Restaurant—all within a short walk—creating an amenity-rich, highly walkable environment for tenants and clients alike. Ownership is planning a comprehensive renovation that will thoughtfully restore the building’s historic grandeur while integrating modern systems and amenities to meet today’s office standards. The second floor stands out as a truly exceptional offering, featuring floor-to-ceiling wood-paneled offices that evoke a timeless, “Mad Men”-style aesthetic—perfectly suited for executive or C-suite occupancy. Available spaces range from approximately 6,960 square feet to the full 21,842 square feet, with a full-floor minimum, allowing for flexibility while maintaining exclusivity. The building is elevator-served and includes the rare advantage of basement garage parking, providing both convenience and accessibility in a premier downtown location. With its combination of irreplaceable architecture, premier location, and planned modernization, The Imperial Building presents an outstanding opportunity for a company seeking a distinctive and highly visible headquarters presence in Richmond. *Pricing is for a historic renovation with a TI package*

  • 2nd Floor
  • 6,960 SF
  • Office
  • -
  • Now

TROPHY OFFICE RENOVATION! Positioned prominently at the corner of 5th and East Franklin Street in the heart of downtown Richmond, The Imperial Building at 422 E. Franklin Street represents a rare opportunity to lease space in one of the city’s most architecturally distinctive historic office buildings. Originally constructed in 1923, this three-story, 21,842 square foot asset showcases striking Art Deco design elements, high ceilings, and a commanding façade that offers both presence and prestige just steps from the Capitol complex and the city’s core business and legal districts. Formerly the headquarters of the Richmond Free Press, the property carries a rich legacy that further enhances its character and story. Ideally situated directly across from The John Marshall and Moxy Richmond Downtown, the building is surrounded by some of Richmond’s most vibrant hospitality and dining destinations, including Penny Lane Pub, Buttermilk and Honey, and Rappahannock Restaurant—all within a short walk—creating an amenity-rich, highly walkable environment for tenants and clients alike. Ownership is planning a comprehensive renovation that will thoughtfully restore the building’s historic grandeur while integrating modern systems and amenities to meet today’s office standards. The second floor stands out as a truly exceptional offering, featuring floor-to-ceiling wood-paneled offices that evoke a timeless, “Mad Men”-style aesthetic—perfectly suited for executive or C-suite occupancy. Available spaces range from approximately 6,960 square feet to the full 21,842 square feet, with a full-floor minimum, allowing for flexibility while maintaining exclusivity. The building is elevator-served and includes the rare advantage of basement garage parking, providing both convenience and accessibility in a premier downtown location. With its combination of irreplaceable architecture, premier location, and planned modernization, The Imperial Building presents an outstanding opportunity for a company seeking a distinctive and highly visible headquarters presence in Richmond. *Pricing is for a historic renovation with a TI package*

  • 3rd Floor
  • 6,960 SF
  • Office
  • -
  • Now

TROPHY OFFICE RENOVATION! Positioned prominently at the corner of 5th and East Franklin Street in the heart of downtown Richmond, The Imperial Building at 422 E. Franklin Street represents a rare opportunity to lease space in one of the city’s most architecturally distinctive historic office buildings. Originally constructed in 1923, this three-story, 21,842 square foot asset showcases striking Art Deco design elements, high ceilings, and a commanding façade that offers both presence and prestige just steps from the Capitol complex and the city’s core business and legal districts. Formerly the headquarters of the Richmond Free Press, the property carries a rich legacy that further enhances its character and story. Ideally situated directly across from The John Marshall and Moxy Richmond Downtown, the building is surrounded by some of Richmond’s most vibrant hospitality and dining destinations, including Penny Lane Pub, Buttermilk and Honey, and Rappahannock Restaurant—all within a short walk—creating an amenity-rich, highly walkable environment for tenants and clients alike. Ownership is planning a comprehensive renovation that will thoughtfully restore the building’s historic grandeur while integrating modern systems and amenities to meet today’s office standards. The second floor stands out as a truly exceptional offering, featuring floor-to-ceiling wood-paneled offices that evoke a timeless, “Mad Men”-style aesthetic—perfectly suited for executive or C-suite occupancy. Available spaces range from approximately 6,960 square feet to the full 21,842 square feet, with a full-floor minimum, allowing for flexibility while maintaining exclusivity. The building is elevator-served and includes the rare advantage of basement garage parking, providing both convenience and accessibility in a premier downtown location. With its combination of irreplaceable architecture, premier location, and planned modernization, The Imperial Building presents an outstanding opportunity for a company seeking a distinctive and highly visible headquarters presence in Richmond. *Pricing is for a historic renovation with a TI package*

Space Size Space Use Build-Out Available
1st Floor 7,922 SF Office - Now
2nd Floor 6,960 SF Office - Now
3rd Floor 6,960 SF Office - Now

1st Floor

Size
7,922 SF
Space Use
Office
Build-Out
-
Available
Now

2nd Floor

Size
6,960 SF
Space Use
Office
Build-Out
-
Available
Now

3rd Floor

Size
6,960 SF
Space Use
Office
Build-Out
-
Available
Now

1st Floor

Size 7,922 SF
Space Use Office
Build-Out -
Available Now

TROPHY OFFICE RENOVATION! Positioned prominently at the corner of 5th and East Franklin Street in the heart of downtown Richmond, The Imperial Building at 422 E. Franklin Street represents a rare opportunity to lease space in one of the city’s most architecturally distinctive historic office buildings. Originally constructed in 1923, this three-story, 21,842 square foot asset showcases striking Art Deco design elements, high ceilings, and a commanding façade that offers both presence and prestige just steps from the Capitol complex and the city’s core business and legal districts. Formerly the headquarters of the Richmond Free Press, the property carries a rich legacy that further enhances its character and story. Ideally situated directly across from The John Marshall and Moxy Richmond Downtown, the building is surrounded by some of Richmond’s most vibrant hospitality and dining destinations, including Penny Lane Pub, Buttermilk and Honey, and Rappahannock Restaurant—all within a short walk—creating an amenity-rich, highly walkable environment for tenants and clients alike. Ownership is planning a comprehensive renovation that will thoughtfully restore the building’s historic grandeur while integrating modern systems and amenities to meet today’s office standards. The second floor stands out as a truly exceptional offering, featuring floor-to-ceiling wood-paneled offices that evoke a timeless, “Mad Men”-style aesthetic—perfectly suited for executive or C-suite occupancy. Available spaces range from approximately 6,960 square feet to the full 21,842 square feet, with a full-floor minimum, allowing for flexibility while maintaining exclusivity. The building is elevator-served and includes the rare advantage of basement garage parking, providing both convenience and accessibility in a premier downtown location. With its combination of irreplaceable architecture, premier location, and planned modernization, The Imperial Building presents an outstanding opportunity for a company seeking a distinctive and highly visible headquarters presence in Richmond. *Pricing is for a historic renovation with a TI package*

2nd Floor

Size 6,960 SF
Space Use Office
Build-Out -
Available Now

TROPHY OFFICE RENOVATION! Positioned prominently at the corner of 5th and East Franklin Street in the heart of downtown Richmond, The Imperial Building at 422 E. Franklin Street represents a rare opportunity to lease space in one of the city’s most architecturally distinctive historic office buildings. Originally constructed in 1923, this three-story, 21,842 square foot asset showcases striking Art Deco design elements, high ceilings, and a commanding façade that offers both presence and prestige just steps from the Capitol complex and the city’s core business and legal districts. Formerly the headquarters of the Richmond Free Press, the property carries a rich legacy that further enhances its character and story. Ideally situated directly across from The John Marshall and Moxy Richmond Downtown, the building is surrounded by some of Richmond’s most vibrant hospitality and dining destinations, including Penny Lane Pub, Buttermilk and Honey, and Rappahannock Restaurant—all within a short walk—creating an amenity-rich, highly walkable environment for tenants and clients alike. Ownership is planning a comprehensive renovation that will thoughtfully restore the building’s historic grandeur while integrating modern systems and amenities to meet today’s office standards. The second floor stands out as a truly exceptional offering, featuring floor-to-ceiling wood-paneled offices that evoke a timeless, “Mad Men”-style aesthetic—perfectly suited for executive or C-suite occupancy. Available spaces range from approximately 6,960 square feet to the full 21,842 square feet, with a full-floor minimum, allowing for flexibility while maintaining exclusivity. The building is elevator-served and includes the rare advantage of basement garage parking, providing both convenience and accessibility in a premier downtown location. With its combination of irreplaceable architecture, premier location, and planned modernization, The Imperial Building presents an outstanding opportunity for a company seeking a distinctive and highly visible headquarters presence in Richmond. *Pricing is for a historic renovation with a TI package*

3rd Floor

Size 6,960 SF
Space Use Office
Build-Out -
Available Now

TROPHY OFFICE RENOVATION! Positioned prominently at the corner of 5th and East Franklin Street in the heart of downtown Richmond, The Imperial Building at 422 E. Franklin Street represents a rare opportunity to lease space in one of the city’s most architecturally distinctive historic office buildings. Originally constructed in 1923, this three-story, 21,842 square foot asset showcases striking Art Deco design elements, high ceilings, and a commanding façade that offers both presence and prestige just steps from the Capitol complex and the city’s core business and legal districts. Formerly the headquarters of the Richmond Free Press, the property carries a rich legacy that further enhances its character and story. Ideally situated directly across from The John Marshall and Moxy Richmond Downtown, the building is surrounded by some of Richmond’s most vibrant hospitality and dining destinations, including Penny Lane Pub, Buttermilk and Honey, and Rappahannock Restaurant—all within a short walk—creating an amenity-rich, highly walkable environment for tenants and clients alike. Ownership is planning a comprehensive renovation that will thoughtfully restore the building’s historic grandeur while integrating modern systems and amenities to meet today’s office standards. The second floor stands out as a truly exceptional offering, featuring floor-to-ceiling wood-paneled offices that evoke a timeless, “Mad Men”-style aesthetic—perfectly suited for executive or C-suite occupancy. Available spaces range from approximately 6,960 square feet to the full 21,842 square feet, with a full-floor minimum, allowing for flexibility while maintaining exclusivity. The building is elevator-served and includes the rare advantage of basement garage parking, providing both convenience and accessibility in a premier downtown location. With its combination of irreplaceable architecture, premier location, and planned modernization, The Imperial Building presents an outstanding opportunity for a company seeking a distinctive and highly visible headquarters presence in Richmond. *Pricing is for a historic renovation with a TI package*

Very walkable
80/100
Exceptionally drivable
90/100
Good public transit
60/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
W000-0024-010
Land Assessment
$548,000
Improvements Assessment
$2,245,000
Total Assessment
$2,793,000
  • Listing ID: 37921938

  • Date on Market: 10/2/2025

  • Last Updated:

  • Address: 422 E Franklin St, Richmond, VA 23219

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