422 E Franklin Street, Richmond, VA 23219

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.