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422 E Franklin St Richmond, VA 23219

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For Sale
$2,800,000

Historic 23,187 SF building ready for reimagining.

Type:Commercial
Property size:
23,187 SF
Added:
Apr 24, 2026
Days on Market:
4
Last Refresh:
Apr 24 at 5:46 pm

Property Features for 422 E Franklin St

General Information

Standard status
Active
Size
23,187 SF
Property subtype
Commercial

Building Details

Year Built
1923

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Listing Contact
Jennie Dotts
Jennie Dotts

Listing agent Jennie Dotts

Listing office Long & Foster Real Estate

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 Long & Foster Real Estate


Overview

Downtown Richmond Redevelopment Opportunity

Located in downtown Richmond, this three-story, 23,187 SF office building, constructed in 1923 for the Imperial Tobacco Co., stands as a landmark. The Imperial Building, clad in limestone with Neoclassic entrances, is situated on a corner across from the Hotel John Marshall, near the State Capitol and the Riverfront. The building, which received a Golden Hammer Award for its 2002 renovation, currently houses the Richmond Free Press and other businesses, and is suited for redevelopment as a residential or mixed-use property. Historic Tax Credit and Enterprise Zone incentives are available. Each floor measures approximately 7,729 SF and features high ceilings, large windows, and natural light. The main level includes a lobby extending from the front to the rear, with parking located below. The second floor contains wood-paneled executive offices with fireplaces, a board room, conference rooms, offices, and a break room. The third floor offers spacious suites and storage. The Imperial Building reflects the history of the global tobacco trade during the Gilded Age and Civil Rights advocacy. The location is considered very bikeable with a score of 89, very walkable with a score of 83, and has good transit with a score of 63.
Location Intelligence

Current Use by Public Records

McCollum at Law P.C Law Firm HDH Department Store Community Staffing Employment Agency HDH Copying & Printing ... (Bike/Boat/Book/etc) Store Richmond Free Press Publishing House

Suggested Use

Real Estate Agency Spa & Massage Center Restaurant Hair Salon Dental Office Nail Salon Building Supply Daycare Center Gym & Fitness Center Kitchen & Bath Showroom

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

Location Insight

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  • Local Demand
City
Richmond
County
Richmond City
State
Virginia
Longitude
-77.4392306
Latitude
37.5414821

FAQs

What type of property is this?
Office building - Historic 23,187 SF building ready for reimagining.
Where is this office building located?
The property is located at 422 E Franklin St Richmond, VA.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Prime downtown Richmond location across from the Hotel John Marshall, near the State Capitol and Riverfront.; Redevelopment opportunity for residential or mixed‑use property.; Historic building with potential Historic Tax Credit and Enterprise Zone incentives.
More about this property
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