Historic Mixed-Use Building with
421 E Franklin St Richmond, VA 23219
421 E Franklin St, Richmond, VA, 23219
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For Sale
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Mixed-use building offers ground-floor pub space plus 10 renovated residential units above.
Property Size14,624 SF
Days on Market103
Property Features for 421 E Franklin St
General Information
- Standard status
- Active
- Size
- 14,624 SF
- Property subtype
- Mixed Use
Listing agency
One South Commercial
(804) 266-8831
Listed by
Tom Rosman · License #VA 0225030879
Source
Crexi
Added: Apr 12 Updated: Jul 22 at 7:09PM 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
Location Intelligence
Current Use by Public Records
Penny Lane Pub
Restaurant
driveRVA Courier Co.
Courier Service
French Quarter
Apartment Building
Recurve Services
Marketing & Advertising
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FAQs
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)
