$1,100,000

Rare opportunity to own a boutique office building across from VCU’s new Costar Center for Arts and Innovation (CCAI). The new $253 million project will unite the university’s arts and innovation programs under one roof and serve as a new gateway to VCU and a symbol of Richmond’s creative energy. The office at 316 features three floors of functional creative office and a large lot with courtyard and 12 parking spaces on site. There is currently a tenant in place through 2028 at which time an owner occupant could take over, or the property could be redeveloped to take advantage of the large lot. Studies have been completed for both townhouse and apartment development on the site.