James Monroe Building — Sale in Richmond, VA

  • Price: $1
  • Listing type: For sale
  • Asset type: Office
  • Location: Richmond, VA 23219

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Description

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive representative for the Owner, is pleased to present this offering for the sale of the James Monroe Building (the “Property”), a 571,090 RSF office building on 3.05 acres with 600 structured parking spaces located at 101 North 14th Street in Richmond, Virginia. The Property is located between the James River and Greater Richmond Convention Center in the heart of Richmond’s Central Business District. Strategically positioned on Richmond’s busiest artery, the James Monroe Building sits in the path of over 138,000 daily commuters. Thousands more travel through Main Street Station: a beloved architectural gem just 500 feet from the Property with wedding and event space, an art gallery, and a welcome center. Richmond’s Central Business District has the lowest office vacancy rate in Mid-Atlantic cities with populations exceeding 1 million. Richmond’s recent economic success, captured by this year’s 3.7% unemployment rate, 15,150 new jobs, and a 6% wage increase, is the direct result of pro-business incentives and corporate tax policy. The city is home to 70+ startups with a total aggregate funding of over $1 billion and eight Fortune 1000 companies. Driven by the flight to quality, Richmond’s tenants have an outsized demand for premium office product in the Central Business District: trophy space has a mere 0.4% vacancy and space developed since 2011 has just 1.6% vacancy. Situated on 3.05 acres with B-4 zoning, the Property offers a range of business plan options and allows for a maximum density of 6.0 FAR subject to approval of a plan of development. The James Monroe Building provides a tremendous opportunity to reposition a landmark building at the center of downtown Richmond.

Market Context

This office in Richmond, VA is listed for sale at $1. Compare it against other office listings for sale in Richmond, VA — view the full market.

As of Q1 2026, the Richmond office market showed an 11.4% vacancy rate, and average asking rents near $22.68/SF/yr. Source: multiple brokerage reports, Q1 2026.

Office market FAQ

Is the Richmond office market tightening or softening?
Vacancy is around 11.4% (Q1 2026).

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