100 Franklin StRichmond, VA 23220

Property Details for 100 Franklin St

Year built

1895

Construction

TYPE NOT SPECIFIED

Lot size

0.26 AC

Property size (Sq ft)

33,880 SF

Zone code

R-03 RESIDENTIAL OFFICE

Property type

Office properties

APN

W-000-0126-011

APU

W0000126011

Description

Chesterman Place, located at 100 West Franklin Street in Richmond, Virginia (zip code 23220), offers exceptional executive office space for lease. This Class B building boasts a total of 36,988 square feet, with flexible options available for multiple tenants. Currently, there are 5,158 square feet of vacant space ready for immediate occupancy. The minimum leasable space is 848 square feet, perfect for smaller businesses or individual professionals, while larger tenants can occupy up to a contiguous 4,310 square feet. The building's prime location in Richmond County provides easy access to major transportation routes and amenities. The property is ideal for businesses seeking a professional and efficient workspace in a vibrant urban setting. The building's executive office subtype ensures a high-quality environment, suitable for companies seeking to project a sophisticated image. Interested parties are encouraged to inquire about available space and lease terms. This is a fantastic opportunity to secure premium office space in a desirable Richmond location. The address is easily accessible and well-suited for both employees and clients. The available space offers a range of options to accommodate various business needs and sizes. Don't miss this chance to establish your business in this thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $7,477,667

  6.5%

  $6,902,462

  7%

  $6,409,429

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,658,299

  Geo Method

  $5,658,299

• Alternative Use

  Use

  Valuation

  Residential

  $8,559,053

  Hospitality

  $7,840,046

  Educational

  $6,522,826

  Medical

  $6,747,156

  Retail

  $10,146,619

Location Insight

City

Richmond

County

Richmond City

State

Virginia

Latitude

37.5448

Longitude

-77.4444

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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