Life Sciences Office
For Lease
Contact for pricing
506-737 N 5th St, Richmond, VA 23219
Office space in a life sciences research park adjacent to the VCU Medical Center, with parking and bike amenities.
Space Size14,916 SF
Lot Size34.00 Acres
Days on Market1379
Property Features for 506-737 N 5th St
General Information
Standard status
Active
Size
14,916 SF
Lot size
34.00 Acres
Property subtype
OFFICE
Site & Location
Neighborhood
Otmn
Additional Details
Business Included
No
Amenities
Amenities within the tech park
Admittance to all bio+tech park events
Monthly food trucks
Membership to Virginia Bio Association
Enterprise zone incentive program
Parking available
Bike racks
RVA bikeshare station
Discounted pricing with ARC3 gases
Spaces For Lease
at 506-737 N 5th St
506 - 737 N 5th St
AVAILABLE, Now
Floor
2
Size
14,916 SF
Type
OFFICE
Rate
Contact for pricing
Sublease
No
- The Virginia Bio Technology Research Park is a 1.2 million square foot life sciences community adjacent to the Virginia
Commonwealth University (VCU) Medical Center - housing private sector companies, research institutes, non-profits, and state and federal laboratories on a 34-acre campus in downtown Richmond, Virginia.
- Named “best locations for Biosciences in Virginia” and “Best Cities Regardless of Size for Startups” in Southern Business
and Development
- Home to more than 70 private and non-profit companies, state and federal laboratories, and research institutes
- Over 2,400 researchers, scientists, engineers, and support personnel on-site
- Amenities within the tech park
- Admittance to all bio+tech park events
- Monthly food trucks
- Membership to Virginia Bio Association
- Enterprise zone incentive program
- Parking available
- Bike racks
- RVA bikeshare station
- Discounted pricing with ARC3 gases
- Located in the center of downtown Richmond, in walking distance to VCU, the capitol, and a number of hotels
and restaurants
Contact us
Listing Agency:
JLL | Richmond
(804) 200-6415
Listed By:
Jimmy Appich · License #0225043590
(804) 200-6420
Source:
Moodyscre
Added: Jan 20, 2023
Changed: Oct 25
Last Checked: Oct 28 at 8:38AM
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 JLL | Richmond
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Investment Insights
Based on property information with market context.
This office property is part of the Virginia Bio Technology Research Park, a 1.2 million square foot life sciences community on a 34-acre campus. The park houses private sector companies, research institutes, non-profits, and state and federal laboratories, with more than 70 organizations and over 2,400 researchers, scientists, engineers, and support personnel on-site.
The campus is adjacent to the Virginia Commonwealth University (VCU) Medical Center and is located in the center of downtown Richmond. The park offers on-site amenities, admittance to bio+tech park events, and monthly food trucks, and it includes membership to the Virginia Bio Association.
Additional shared support includes parking availability and bike racks, along with an RVA bikeshare station. An enterprise zone incentive program is also listed for the community.
The campus is adjacent to the Virginia Commonwealth University (VCU) Medical Center and is located in the center of downtown Richmond. The park offers on-site amenities, admittance to bio+tech park events, and monthly food trucks, and it includes membership to the Virginia Bio Association.
Additional shared support includes parking availability and bike racks, along with an RVA bikeshare station. An enterprise zone incentive program is also listed for the community.
Key Highlights
- 1.2 million SF life sciences research park on a 34‑acre campus in downtown Richmond, VA, adjacent to the VCU Medical Center
- Home to more than 70 private and non‑profit companies, state and federal laboratories, and research institutes
- Over 2,400 researchers, scientists, engineers, and support personnel on‑site
Property Analytics
Who owns this building?
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
712
Businesses Nearby
Explore this area
Business Placement
Demographics for 23219, VA
5,307
Population
3,488
Households
1.5
Avg Household Size
29
Median Age
62%
College-Educated
91%
High-School Grad
1.3 sq mi
ZIP Area
4,082
Density / Sq Mi
$62,533
Median Household Income
$46,509
Median Earnings
$1,439
Median Rent
$287,500
Median Home Value
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Market
Lease Benchmarks for Richmond, VA
$14.49 /SF/Yr
Avg Asking Price
$10.31–$21.5 /SF/Yr
Price Range
14,945 SF
Avg Space Size
Vacancy Rate% for Office in Richmond, VA
Frequently Asked Questions
What type of property is this?
Office building - Office space in a life sciences research park adjacent to the VCU Medical Center, with parking and bike amenities.
Where is this office building located?
The property is located at 506-737 N 5th St Richmond, VA.
What are key features of this property?
This property features: 1.2 million SF life sciences research park on a 34‑acre campus in downtown Richmond, VA, adjacent to the VCU Medical Center; Home to more than 70 private and non‑profit companies, state and federal laboratories, and research institutes; Over 2,400 researchers, scientists, engineers, and support personnel on‑site
