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Downtown Arts District Facility
For Lease
$15 SF/Yr

5-7 E Broad St, Richmond, VA 23219

Nearly 12,000 SF facility in Richmond's Arts District.

Space SizeContact for details
Days on Market169

Property Features for 5-7 E Broad St

General Information

Standard status Active
Property subtype Office or Retail/Flex

Building Details

Year Built 1910
Listing Agency: NAI Dominion – Richmond
Listed By: Dennis Shubert
Source: Naiglobal
Added: Mar 6 Changed: Jul 6 Last Checked: Aug 22 at 5:08AM

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.

This nearly 12,000 square foot facility is located in the Arts District of the Downtown submarket in Richmond, Virginia. The property is situated on East Broad Street.

Key Highlights

  • Nearly 12,000 SF facility
  • Located in the Arts District
  • Downtown Submarket location

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Plumbing Service (Bike/Boat/Book/etc) Store Veterinary Clinic Carpet & Flooring Store Nursing Home Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

5,879
Businesses Nearby
Well-served
Demand for This Use

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

Lease Benchmarks for Richmond, VA

$15 /SF/Yr
Avg Asking Price
$15–$15 /SF/Yr
Price Range
14,393 SF
Avg Space Size

Vacancy Rate% for Industrial in Richmond, VA

2.9% 2019
3.7% 2020
2.5% 2021
2.8% 2022
3.1% 2023
3.7% 2024
3.9% 2025
Rey
Questions? Ask Rey
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Similar Off Market Nearby

  • Butler’s Unique Catering 10 E Franklin St, Richmond, VA 23219
  • Uncle Reggie's Catering 114 E Clay St, Richmond, VA 23219
  • Shareen's Cuisine 1, E Main St, Richmond, VA 20171
  • 3 Bees BCU LLC 520 W Franklin St, Richmond, VA 23220
  • Panchito's Food Truck 1000 E Clay St, Richmond, VA 23298

Frequently Asked Questions

What type of property is this?
Flex space - Nearly 12,000 SF facility in Richmond's Arts District.
Where is this flex space 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: Nearly 12,000 SF facility; Located in the Arts District; Downtown Submarket location
More about this property
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