Downtown Richmond Arts District
For Lease
$15 SF/Yr
5-7 E Broad St, Richmond, VA 23219
Newly renovated space in Richmond's Arts District for lease.
Space Size5,867 SF
Property Size180,000 SF
Days on Market252
Property Features for 5-7 E Broad St
General Information
Standard status
Active
Size
5,867 SF
Class
C
Property subtype
Office or Retail/Flex
Lease Term
NNN
Building Details
Building Size
180,000 SF
Year Built
1910
Spaces For Lease
at 5-7 E Broad St Contact us2nd Floor $15 – $20/SF/Mo
Size
5,867 SF
Type
Office or Retail/Flex
Term
Negotiable
3rd Floor $15 – $20/SF/Mo
Size
5,867 SF
Type
Office or Retail-Flex
Term
Negotiable
Listing Agency:
NAI Dominion – Richmond
Listed By:
Dennis Shubert
(804) 801-6597
Source:
Naiglobal
Added: Jan 27
Changed: Sep 4
Last Checked: Oct 5 at 5:11PM
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 NAI Dominion – Richmond
Investment Insights
Based on property information with market context.
Located in the Arts District along the Broad Street Corridor in downtown Richmond, Virginia, this facility offers nearly 12,000 square feet of space. The property features a second floor with 5,867 square feet and a third floor with 5,867 square feet. Both the second and third floors can be subdivided or combined. The asking rate is in the $15-$20/SF range. The property is located in the Downtown Submarket on East Broad Street and has been newly renovated.
Key Highlights
- Newly Renovated facility in the Arts District.
- Located along the Broad Street Corridor in downtown Richmond, VA.
- Nearly 12,000 SF facility.
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
5,879
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Richmond, VA
$13.67 /SF/Yr
Avg Asking Price
$1.1–$24.5 /SF/Yr
Price Range
8,855 SF
Avg Space Size
This space is priced 10% above the average of $13.67 /SF/Yr.
Vacancy Rate% for Office in Richmond, VA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Newly renovated space in Richmond's Arts District for lease.
Where is this office units located?
The property is located at 5-7 E Broad St Richmond, VA.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: Newly Renovated facility in the Arts District.; Located along the Broad Street Corridor in downtown Richmond, VA.; Nearly 12,000 SF facility.
