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Historic Office Space
For Lease
$2,000/Mo

7 1/2 W Marshall Street, Richmond, VA 23220

Bright, adaptable workspace with off-street parking in Richmond’s historic Jackson Ward.

Space Size3,073 SF
Days on Market990

Property Features for 7 1/2 W Marshall Street

General Information

Standard status Active
Size 3,073 SF
Net Rentable 3,073 SF
Zoning B-4

Space & Availability

Available Space 3,073 SF
Contiguous Space 3,073 SF
Space Use Office

Site & Location

Neighborhood Mnwd

Amenities

off-street parking

Building Details

Building Size 3,073 SF
Year Built 1900
Stories 2
Listing Agency: One South Commercial LLC
Listed By: Lory Markham · License #0225227308
Source: Colerealestateinc
Added: Feb 6, 2024 Changed: Oct 23 Last Checked: Oct 23 at 5:30PM

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 LLC

Rey
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This 3,073-square-foot office unit in a building constructed in 1900 offers a flexible interior arrangement and natural light. B-4 zoning applies, and off-street parking is available for tenants and visitors.

The property is in Jackson Ward, a historic district of Richmond, and sits blocks from government centers and the financial district.

Key Highlights

  • 3,073 square feet of office space
  • Flexible layout with natural light
  • Off‑street parking available for tenants and visitors

Property Analytics

Current Use

Office Units

Suggested Use

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

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
$1.17 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

5,879
Businesses Nearby

Demographics for 23220, VA

36,942
Population
16,561
Households
2.2
Avg Household Size
27
Median Age
59%
College-Educated
94%
High-School Grad
4.8 sq mi
ZIP Area
7,696
Density / Sq Mi
$56,681
Median Household Income
$33,249
Median Earnings
$1,354
Median Rent
$468,900
Median Home Value

Market

Lease Benchmarks for Richmond, VA

$13.67 /SF/Yr
Avg Asking Price
$1.1–$24.5 /SF/Yr
Price Range
8,915 SF
Avg Space Size

This space is priced 43% below the average of $13.67 /SF/Yr.

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

Frequently Asked Questions

What type of property is this?
Office unit - Bright, adaptable workspace with off-street parking in Richmond’s historic Jackson Ward.
Where is this office unit located?
The property is located at 7 1/2 W Marshall Street Richmond, VA.
What is the lease rate?
The lease rate is $2,000/Mo.
What are key features of this property?
This property features: 3,073 square feet of office space; Flexible layout with natural light; Off‑street parking available for tenants and visitors
More about this property
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