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Office Space in Central Business District
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700 E Franklin St, Richmond, VA 23219

Office space in the heart of Richmond's Central Business District.

Space Size15,488 SF
Property Size94,170 SF
Days on Market204

Property Features for 700 E Franklin St

General Information

Standard status Active
Size 15,488 SF
Class B
Property subtype Office

Building Details

Building Size 94,170 SF
Year Built 1951

Spaces For Lease

at 700 E Franklin St
Office Space
Size 15,488 SF
Term Negotiable
Rate Contact for pricing
Contact us
Listing Agency: Divaris Real Estate Inc Richmond
Listed By: Loretta Cataldi · License #VA 0225053592
Source: Divaris
Added: Mar 26 Changed: Oct 1 Last Checked: Oct 14 at 10:08PM

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 Divaris Real Estate Inc Richmond

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Investment Insights

Based on property information with market context.

Available office space is located on the first floor of The Edison Apartments, a 174-unit multi-family project. Situated at the corner of Franklin and 7th Streets, the property is in the heart of the Central Business District. It is within walking distance of the State Capitol, Richmond Courthouse, City Hall, other governmental agencies, and the VCU Medical Campus.

Key Highlights

  • Prime location in the heart of the Central Business District.
  • Located on the first floor of The Edison Apartments, a 174‑unit multi‑family building.
  • Walking distance to the State Capitol, Richmond Courthouse, and City Hall.

Property Analytics

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Current Use

The Debt Law Group: ... Law Firm The Pace Center Charitable Organization The Edison Apartments Apartment Complex Highland Support Project Charitable Organization Mike's Beats Nightclub

Suggested Use

Top Pick Plumbing Service (Bike/Boat/Book/etc) Store Tanning Salon Clothing & Fashion Store Mobile Phone Store Nursing Home

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

8,385
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Richmond, VA

$13.02 /SF/Yr
Avg Asking Price
$1.1–$24.5 /SF/Yr
Price Range
9,273 SF
Avg Space Size

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

Frequently Asked Questions

What type of property is this?
Office units - Office space in the heart of Richmond's Central Business District.
Where is this office units located?
The property is located at 700 E Franklin St Richmond, VA.
What are key features of this property?
This property features: Prime location in the heart of the Central Business District.; Located on the first floor of The Edison Apartments, a 174‑unit multi‑family building.; Walking distance to the State Capitol, Richmond Courthouse, and City Hall.
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