700 E Franklin St Richmond, VA 23219
Property profile & analytics
700 E Franklin St Richmond, VA 23219
- High-rise multifamily apartments
- 94,170 SF
- 0.53 lot acres
Property ID
US87-0903097
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- The Debt Law Group: Richmond / Law Firm / Financial Advisor
- The Pace Center / Charitable Organization / Social Service Agency
- The Edison Apartments / Apartment Complex
- Highland Support Project / Charitable Organization / Social Service Agency
- Mike's Beats / Nightclub / Music Venue
Property Details for 700 E Franklin St
- Year built
- 1951
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.53 lot acres
- Property size
- 94,170 SF
- Zone code
- B-4 CENTRAL BUSINESS
- Property type
- High-rise multifamily apartments
- APN
- W-000-0003-021
- APU
- W0000003021
Description
This exceptional office opportunity is situated at 700 E Franklin St in Richmond, Virginia, within the vibrant Central Business District. Located on the first floor of the Edison Apartments, a 174-unit multi-family complex, this Class B building offers immediate access to key city landmarks. The property boasts a total of 94,170 square feet, spread across a single story, and was constructed in 1951. Currently, there are 15,488 square feet of vacant space available, divisible into units as small as 3,061 square feet, with a maximum contiguous space of 7,320 square feet. The building is comprised of three total suites, providing flexibility for various business needs. Its convenient location places it within easy walking distance of the State Capitol, Richmond Courthouse, City Hall, other government agencies, and the VCU Medical Campus. This prime location offers unparalleled accessibility and visibility, making it an ideal choice for businesses seeking a prestigious and well-connected address in Richmond's thriving downtown core. The property's proximity to major transportation routes and amenities further enhances its appeal. This is a rare opportunity to secure high-quality office space in a highly desirable location. The address is 700 E Franklin St, Richmond, VA 23219, in Richmond County.
Value Estimations
based on Realmo’s proprietary methodology
-
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $15,140,000 Current use
- AUTO REPAIR, GARAGE
- $17,150,000 Change: +13% Conversion: Difficult
- MEDICAL BUILDING
- $15,685,000 Change: +4% Conversion: Moderate
- NEIGHBORHOOD: SHOPPING CENTER
- $15,470,000 Change: +2% Conversion: Difficult
- OFFICE BUILDING
- $13,925,000 Change: -8% Conversion: Moderate
- RETAIL STORES
- $13,565,000 Change: -10% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Richmond City
- State
- Virginia
- Longitude
- -77.4367
- Latitude
- 37.5401
- CBSA code
- 40060
- CBSA name
- RICHMOND, VA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$20
$4,350,000
$27,637,000
$31,987,000
-
$4,350,000
$27,637,000
$31,987,000
