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First-Floor Office Space
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700 E Franklin St, Richmond, VA 23219

Office space on the first floor at a CBD corner location near Richmond government and VCU Medical Campus.

Space Size5,107 SF
Days on Market591

Property Features for 700 E Franklin St

General Information

Standard status Active
Size 5,107 SF
Property subtype OFFICE

Space & Availability

Floor 1
Space Use Office

Spaces For Lease

at 700 E Franklin St Contact us

Edison Apartments

Floor
1
Size
5,107 SF
Type
OFFICE
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- Available office space located at the corner of Franklin and 7th Streets along...
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Listing Agency: Divaris Real Estate - Richmond
Listed By: Loretta Cataldi · License #VA 0225053592
Source: Moodyscre
Added: Jan 17, 2025 Changed: Aug 8 Last Checked: Aug 30 at 2:56PM

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 Divaris Real Estate - Richmond

Investment Insights

Based on property information with market context.

Available office space is located on the first floor at the corner of Franklin and 7th Streets, within the Edison Apartments, a 174-unit multi-family project. The opportunity is positioned in the heart of the Central Business District.

The setting places daily destinations within walking distance, including the State Capitol, Richmond Courthouse, City Hall, other governmental agencies, and VCU Medical Campus.

Key Highlights

  • First‑floor office space inside the Edison Apartments
  • 174‑unit multi‑family project
  • Corner location on Franklin and 7th Streets

Property Analytics

Current Use

The Debt Law Group: ... Law Firm The Pace Center Charitable Organization The Edison Apartments Apartment Complex Highland Support Project Charitable Organization Mike's Beats Nightclub

Suggested Use

Top Pick Plumbing Service (Bike/Boat/Book/etc) Store Tanning Salon Clothing & Fashion Store Mobile Phone Store Nursing Home

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

Location Intelligence

Trade Area within ½ mile

8,385
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

Lease Benchmarks for Richmond, VA

$16.27 /SF/Yr
Avg Asking Price
$9.75–$21.5 /SF/Yr
Price Range
7,459 SF
Avg Space Size

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?
Office units - Office space on the first floor at a CBD corner location near Richmond government and VCU Medical Campus.
Where is this office units located?
The property is located at 700 E Franklin St Richmond, VA.
What are key features of this property?
This property features: First‑floor office space inside the Edison Apartments; 174‑unit multi‑family project; Corner location on Franklin and 7th Streets
(804) 335-0232 Call to check price and availability
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