7 E Franklin St | Richmond, VA 23219
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- LoopNet Team
7 E Franklin St
Richmond, VA 23219
7 E. Franklin Street · Office Property For Sale
Investment Highlights
- A three-story office building consisting of 8,915 square feet and 19 private offices.
- Located directly in the heart of Monroe Ward, the properties are within walking distance to shops and restaurants in the Lower Fan and Downtown
- This program grants real estate tax abatements for eligible and qualified properties under rehabilitation/renovation
- The Property includes a partially finished basement— suitable for additional office space, and a unique “carriage house” consisting of 1,600 square ft
- The Property has approved plans for a conversion into nine residential units
- The tax exemption is equal to the difference between the increase in assessed value resulting from the substantial rehabilitation
PROPERTY FACTS
Property Type
Building Size
10,515 SF
Building Class
B
Year Built/Renovated
1890/2024
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
3,505 SF
Building FAR
1.72
Lot Size
0.14 AC
Zoning
R0-3 - Residential
Parking
4 Spaces (0.38 Spaces per 1,000 SF Leased)
Amenities
- Bus Route
PROPERTY TAXES
| Parcel Number | W000-0082-004 | Improvements Assessment | £654,826 |
| Land Assessment | £266,098 | Total Assessment | £920,924 |
PROPERTY TAXES
Parcel Number
W000-0082-004
Land Assessment
£266,098
Improvements Assessment
£654,826
Total Assessment
£920,924
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