Historic Three-Story Office
For Sale
Contact for pricing
Pending
116 S 3rd St, Richmond, VA 23219
Three stories provide flexible floor plans for single-tenant or multi-tenant office use.
Property Size15,930 SF
Days on Market144
Property Features for 116 S 3rd St
General Information
Standard status
Pending
Size
15,930 SF
Property subtype
Office
Zoning
B-3 and TOD-1
Additional Details
Public Transit
Yes
Building Details
Buildings
1
Stories
3
Building Size
15,930 SF
Parking Ratio
2.2 per 1,000 SF
Listing Agency:
Commonwealth Commercial Partners
(804) 346-4966
Listed By:
Eliza Izard · License #VA
Source:
Crexi
Added: Apr 11
Changed: Aug 29
Last Checked: Aug 29 at 11:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Commonwealth Commercial Partners
Investment Insights
Based on property information with market context.
This 15,930± SF office building occupies three stories and offers flexible, efficient floor plans for either a single occupant or multiple tenants. The well-maintained historic property includes high ceilings and architectural details, with B-3 and TOD-1 zoning. It is also eligible for historic tax credits.
The building occupies a corner location at 116 S 3rd St and has convenient access to major roadways and public transportation. The surrounding area provides walkability to VCU, the CBD, the State Capitol, restaurants, entertainment, and other amenities. On-site parking averages approximately ± 2.2 : 1,000± SF. The property is suited to continued office use, owner occupancy, multi-tenant operations, or redevelopment.
The building occupies a corner location at 116 S 3rd St and has convenient access to major roadways and public transportation. The surrounding area provides walkability to VCU, the CBD, the State Capitol, restaurants, entertainment, and other amenities. On-site parking averages approximately ± 2.2 : 1,000± SF. The property is suited to continued office use, owner occupancy, multi-tenant operations, or redevelopment.
Key Highlights
- 15,930± SF historic office building arranged across 3 stories
- B‑3 and TOD‑1 zoning with eligibility for historic tax credits
- Flexible floor plans accommodate single‑tenant or multi‑tenant use
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,984
Businesses Nearby
Explore this area
Business Placement
Demographics for 23219, VA
5,307
Population
3,488
Households
1.5
Avg Household Size
29
Median Age
62%
College-Educated
91%
High-School Grad
1.3 sq mi
ZIP Area
4,082
Density / Sq Mi
$62,533
Median Household Income
$46,509
Median Earnings
$1,439
Median Rent
$287,500
Median Home Value
Market
Vacancy Rate% for Office in Richmond, VA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Three stories provide flexible floor plans for single-tenant or multi-tenant office use.
Where is this office building located?
The property is located at 116 S 3rd St Richmond, VA.
What are key features of this property?
This property features: 15,930± SF historic office building arranged across 3 stories; B‑3 and TOD‑1 zoning with eligibility for historic tax credits; Flexible floor plans accommodate single‑tenant or multi‑tenant use
