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Former Private Club Building
For Sale
Contact for pricing

16 E Marshall St, Richmond, VA 23219

Former private club building near the Broad Street Art District, with renovation incentives under city programs.

Property SizeContact for details
Days on Market125

Property Features for 16 E Marshall St

General Information

Standard status Active
Property subtype Retail, Office

Additional Details

Opportunity Zone Yes
Listing Agency: ICON Commercial Group
Listed By: Colby Kay · License #VA0225090820
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 21 at 7:22AM

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 ICON Commercial Group

Investment Insights

Based on property information with market context.

This former private club building offers a distinct redevelopment opportunity in a dense, walkable retail and cultural setting. The property sits within Richmond’s Commercial Area Revitalization Effort (CARE) Program and is also tied to Local Enterprise and Opportunity Zone initiatives, which may provide renovation incentives for a prospective owner.

The location is described as being in close proximity to the Broad Street Art District, recognized as the region’s art, entertainment, and culture hub. It is also positioned near a selection of local restaurants and upscale boutiques within walking distance.

The property is listed for sale at 16 E Marshall St, Richmond, VA 23219, and is presented as a unique fit for an owner pursuing renovation while leveraging the noted city program participation.

Key Highlights

  • Former private club building in Richmond’s Historic Jackson Ward
  • Located in the city’s Commercial Area Revitalization Effort (CARE) Program
  • Property is also part of the Local Enterprise and Opportunity Zone programs

Property Analytics

Current Use

Die Teufel Club ... Charitable Organization

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Plumbing Service Veterinary Clinic Carpet & Flooring Store Clothing & Fashion Store 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.

Location Intelligence

Trade Area within ½ mile

5,879
Businesses Nearby

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

5.7% 2019
7.2% 2020
7% 2021
8.2% 2022
8.4% 2023
12.1% 2024
11.8% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Former private club building near the Broad Street Art District, with renovation incentives under city programs.
Where is this retail space located?
The property is located at 16 E Marshall St Richmond, VA.
What are key features of this property?
This property features: Former private club building in Richmond’s Historic Jackson Ward; Located in the city’s Commercial Area Revitalization Effort (CARE) Program; Property is also part of the Local Enterprise and Opportunity Zone programs
More about this property
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