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Office Building Near VCU Campus
For Sale
$1,650,000

408-410 W Franklin St, Richmond, VA 23220

Office property with rear parking, walkable retail and dining, and convenient access to major interstate routes.

Property Size11,400 SF
Lot Size0.15 Acres
Price / SF$144.74
Days on Market46

Property Features for 408-410 W Franklin St

General Information

Standard status Active
Size 11,400 SF
Class B
Total Parking Spaces 10
Lot size 0.15 Acres
Property subtype office

Additional Details

Asking Price $1,650,000
Highway Access Yes
Listing Agency: Richmond
Listed By: Charlie Polk · License #0225050460
Source: Property.jll
Added: Jul 16 Changed: Aug 29 Last Checked: Aug 30 at 1:02PM

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 Richmond

Investment Insights

Based on property information with market context.

Located at 408-410 W Franklin St in Richmond, this office property contains 11,400 SF on a 0.15-acre parcel. The building is accompanied by 10 parking spaces positioned at the rear, providing on-site parking within the urban setting.

The property is near VCU’s campus and within walking distance of a broad selection of shopping and restaurants. The Jefferson Hotel is three blocks away. Interstate access includes I-95, I-64, and I-195, connecting the property with surrounding Richmond destinations and regional routes.

Key Highlights

  • 11,400 SF office property on 0.15 acres
  • 10 parking spaces located in the rear
  • Near VCU’s campus

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Plumbing Service Veterinary Clinic Carpet & Flooring Store Pet Grooming Service Daycare Center

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

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

3,716
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

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 building - Office property with rear parking, walkable retail and dining, and convenient access to major interstate routes.
Where is this office building located?
The property is located at 408-410 W Franklin 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: 11,400 SF office property on 0.15 acres; 10 parking spaces located in the rear; Near VCU’s campus
More about this property
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