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Creative Office Building in Richmond

1509 W Main St, Richmond, VA 23220

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For Sale

$1,650,000

Three-story, 6,188 SF creative office building in Richmond's Fan District.

Type:Commercial

Property size:

6,188 SF

Price / SF:

$266/SF

Listing Contact

Ken Campbell

Real Estate License ID: 0225206546

HighLights

Located in the heart of Richmond's Fan District, offering immediate walkable access to retail, dining, and lifestyle amenities.
Modernized and thoughtfully renovated 6,188 SF creative office building with a flexible, open layout.
Unique architectural design blending a historic Federal‑style facade with a contemporary interior.
Dramatic third‑floor atrium provides abundant natural light throughout the building.
End‑unit position allows for additional natural light and privacy.
Proximity to Virginia Commonwealth University, downtown Richmond, and surrounding residential areas.

Learn more

For Sale

$1,650,000

Three-story, 6,188 SF creative office building in Richmond's Fan District.

Type:Commercial

Property size:

6,188 SF

Price / SF:

$266/SF

Added:: Apr 24, 2026
Days on Market:: 49
Last Refresh:: Apr 24 at 5:47 pm

Property Features for 1509 W Main St

General Information

Standard status: Active
Size: 6,188 SF
Property subtype: Commercial

Building Details

Year Built: 1986

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Listing Contact

Ken Campbell

Listing agent Ken Campbell License #0225206546

Listing office One South Commercial LLC

Listing date Apr 24, 2026

Source Elliman

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

HighLights

Located in the heart of Richmond's Fan District, offering immediate walkable access to retail, dining, and lifestyle amenities.
Modernized and thoughtfully renovated 6,188 SF creative office building with a flexible, open layout.
Unique architectural design blending a historic Federal‑style facade with a contemporary interior.
Dramatic third‑floor atrium provides abundant natural light throughout the building.
End‑unit position allows for additional natural light and privacy.
Proximity to Virginia Commonwealth University, downtown Richmond, and surrounding residential areas.

Overview

Located at 1509 W Main Street in Richmond’s Fan District, this property is a 6,188 SF, three-story creative office building. Constructed in 1986, the property features a historic Federal-style facade and a modernized interior. The layout includes both private offices and open collaborative workspace, with polished concrete floors and exposed ceilings. A third-floor atrium with wrought iron railings provides natural light throughout the building. The east side of the building has no adjoining structure, allowing for additional natural light and privacy. Situated on Main Street, the property is near retail, dining, and lifestyle amenities, as well as Virginia Commonwealth University and downtown Richmond. The location has a walk score of 95, a bike score of 78, and a transit score of 61.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$131.4k	$21.24
− Vacancy	−$20.5k	−$3.31
EGI	$110.9k	$17.93
− OpEx	−$27.7k	−$4.48
NOI	$83.2k	$13.44

6,188 SF · lease $21.24/SF/yr · vacancy 15.60% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.19M

$1.04M – $1.39M (±1% cap)

NOI $83,197 @ 7.0% cap · market cap 5.04%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.43M

$1.25M – $1.67M (±1% cap)

NOI $100,075 @ 7.0% cap · market cap 6.07%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

A BETTER PATH SUPPORT ... Council InterActive Financial Marketing ... Marketing & Advertising WhatchaNeed Clothing Store InvoicePricing.com Car Dealership

Suggested Use

Location Insight

Map
Local Demand

City: Richmond
County: Richmond City
State: Virginia
Longitude: -77.430191
Latitude: 37.5342922

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For sale
Creative space
VA
Richmond
23220
1509 W Main St

What type of property is this?

Creative space - Three-story, 6,188 SF creative office building in Richmond's Fan District.

Where is this creative space located?

The property is located at 1509 W Main St Richmond, VA.

What is the asking price?

The asking price for this property is $1,650,000.

What are key features of this property?

This property features: Located in the heart of Richmond's Fan District, offering immediate walkable access to retail, dining, and lifestyle amenities.; Modernized and thoughtfully renovated 6,188 SF creative office building with a flexible, open layout.; Unique architectural design blending a historic Federal‑style facade with a contemporary interior.