MichaelKane
MLS#2526872
STATUSPending
PROPERTY TYPECommercial - Business
Property Description
REDEVELOPMENT OPPORTUNITY in downtown Richmond. Since it was built in 1923 for the Imperial Tobacco Co., this three-story, 23,187 SF office building has been a distinguished landmark of the cityscape. Clad in limestone with grand Neoclassic entrances, the Imperial Building anchors a prominent corner across from the stately Hotel John Marshall and is blocks from the State Capitol and the Riverfront. Winner of a Golden Hammer Award for its 2002 renovation, the building is home to the legendary Richmond Free Press and various businesses but is ready to be reimagined as a residential or mixed-use property. Historic Tax Credit and Enterprise Zone incentives are available. Each floor is approximately 7,729 SF with high ceilings, large windows and abundant natural light. The main level has a lobby extending front to rear with parking below. The second floor has impressive wood-paneled executive offices with fireplaces, a board room, conference rooms, offices and break room. The third floor has spacious suites and storage. Rich in history, the Imperial Building helps tell the story of the global tobacco trade during the Gilded Age and advocacy for Civil Rights in the former Confederate Capital.
Property Features
Property Type: Commercial - Business
Cooling: Central Air
Heating: Heat Pump
Lot Size: 0.26 Acres
Roof Type: Built-Up, Rubber
Stories: 3.0
Year Built: 1923
Amenities
Other
Feature Descriptions
Accessibility: Accessibility Features
Building Features: Elevator(s), Multi-Tenant
Days on Site: 199
Fencing: None
Lot: Level
Lot Dimensions: 118'X97'
Parcel#: W000-0024-010
Sewer: Public Sewer
Topography: Level
Water: Public
Listed By / Shown By
Listed By
Agency Name: Long & Foster REALTORS/Virginia Capital Realty
Agency Contact: (804) 370-6565
Shown By
Agent Name: Michael Kane
Agent Phone: (804) 551-1920
Agency Title: Kane Company Realty
Licensed Real Estate Firm and Agents in the Commonwealth of Virginia.
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422 E Franklin Street | MLS# 2526872
This commercial property located at 422 E Franklin Street, Richmond, VA 23219 is currently listed for sale with an asking price of $2,800,000. Search Richmond real estate on michaelkane.kanecompanyrealty.com today.