422 E Franklin ST, Richmond, VA 23219
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422 E Franklin ST, Richmond, VA 23219
422 E Franklin ST, Richmond, VA 23219
422 E Franklin ST, Richmond, VA 23219
422 E Franklin ST, Richmond, VA 23219

$2,376,000

Est. payment /mo

$2,800,000

15.1%
Est.Price: ?

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422 E Franklin ST Richmond, VA 23219

23,187 SqFt

SOLD DATE : 05/08/2026

Key Details

Sold Price $2,376,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 23,187 sqft

Price per Sqft $102

MLS Listing ID 2526872

Sold Date 05/08/26

Construction Status Actual

HOA Y/N No

Year Built 1923

Lot Size 0.260 Acres

Acres 0.26

Lot Dimensions 118'X97'

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.

Location

State VA

County Richmond City

Area 10 - Richmond

Interior

Heating Heat Pump

Cooling Central Air

Exterior

Exterior Feature Other

Fence None

Roof Type Built-Up,Rubber

Topography Level

Handicap Access Accessibility Features

Building

Lot Description Level

Story 3

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Construction Status Actual

Others

Tax ID W000-0024-010

Ownership Owner-User

Financing Conventional

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Central Virginia Regional MLS (CVR MLS)
Listed by Long & Foster REALTORS
Bought with Long & Foster REALTORS

NEARBY SCHOOLS & BUSINESSES

Chris Jewell

Chris Jewell

REALTOR®, SRES, SRS | License ID: 0225057639

+1(804) 937-2442

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