For sale is 421 E Franklin St in Downtown Richmond. Well known to many locals and visitors as the French Quarter Building, it is one of the most recognizable properties in Downtown from its intricate wrought iron railings adorning the balconies of the upper levels. The commercial tenant is Penny Lane Pub which is perhaps Richmond’s best-known and most-loved English pub. Penny Lane Pub is a long-term, stable tenant of the building and occupies 7,200 SF. (Note: this listing does not include the sale of the restaurant) In addition to the commercial space, ten residential units comprise the upper levels. With a total leasable area of 7,424 SF, these units were renovated in 2019 and are configured as six one-bedroom units and four two-bedroom units. Each unit features high-grade finishes and outstanding views of the Downtown from large windows and wrought iron railed balconies.
Listing courtesy of One South Realty Group, LLC.
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