Richmond Office Building for Sale
Original Solicitation Links
RFP-112042
]real property for sale - richmond
Contact
Description
This opportunity is for the sale of the James Monroe Building, a 571,090 square foot office building located at 101 North 14th Street in Richmond, Virginia. The property sits on 3.05 acres and includes 600 structured parking spaces. The building is zoned B-4, allowing for a range of uses including residential, office, hotel, retail, and restaurant. Richmond's Central Business District has the lowest office vacancy rate in Mid-Atlantic cities with populations exceeding one million. The city has experienced recent economic success with a low unemployment rate, job growth, and wage increases, supported by pro-business incentives and corporate tax policy. The area is also experiencing significant development, with over 75 projects totaling $3.6 billion completed or underway since 2019. The property offers a tremendous opportunity to reposition a landmark building in the heart of downtown Richmond, with direct access to public transportation and proximity to various amenities.
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Documents
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