Historic Mixed-Use Building with
For Sale
Contact for pricing
421 E Franklin St, Richmond, VA 23219
Mixed-use building offers ground-floor pub space plus 10 renovated residential units above.
Property Size14,624 SF
Days on Market135
Property Features for 421 E Franklin St
General Information
Standard status
Active
Size
14,624 SF
Property subtype
Mixed Use
Additional Details
Multifamily Units
10
Building Details
Year Renovated
2019
Tenancy
Multi
Listing Agency:
One South Commercial
(804) 266-8831
Listed By:
Tom Rosman · License #VA 0225030879
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 22 at 7:09PM
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 One South Commercial
Investment Insights
Based on property information with market context.
One South Commercial presents 421 E Franklin St in Downtown Richmond, a recognizable French Quarter Building featuring intricate wrought iron railings on the upper-level balconies. The property includes ground-level and basement commercial space and 10 residential units on the upper levels.
The commercial portion is leased to Penny Lane Pub, which occupies 7,200 SF and is described as a long-term, stable tenant. The residential units comprise 6 one-bedroom units and 4 two-bedroom units, with renovations completed in 2019. The units include large windows and wrought iron railed balconies, and they were constructed with strict historical preservation criteria while incorporating modern, high-grade finishes.
This mixed-use configuration combines street-level neighborhood entertainment with renovated residential living in a single, identifiable Downtown asset.
The commercial portion is leased to Penny Lane Pub, which occupies 7,200 SF and is described as a long-term, stable tenant. The residential units comprise 6 one-bedroom units and 4 two-bedroom units, with renovations completed in 2019. The units include large windows and wrought iron railed balconies, and they were constructed with strict historical preservation criteria while incorporating modern, high-grade finishes.
This mixed-use configuration combines street-level neighborhood entertainment with renovated residential living in a single, identifiable Downtown asset.
Key Highlights
- Mixed‑use building at 421 E Franklin St in Downtown Richmond with ground‑floor pub space and 10 residential units above
- Total leasable area of 14,624 SF: 7,200 SF occupied by Penny Lane Pub and 7,424 SF for residential units
- Penny Lane Pub long‑term tenant; occupies 7,200 SF (listing notes the sale does not include the restaurant)
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
8,385
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 Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building offers ground-floor pub space plus 10 renovated residential units above.
Where is this mixed-use property located?
The property is located at 421 E Franklin St Richmond, VA.
What are key features of this property?
This property features: Mixed‑use building at 421 E Franklin St in Downtown Richmond with ground‑floor pub space and 10 residential units above; Total leasable area of 14,624 SF: 7,200 SF occupied by Penny Lane Pub and 7,424 SF for residential units; Penny Lane Pub long‑term tenant; occupies 7,200 SF (listing notes the sale does not include the restaurant)
