202-318-9882
551 S 5th St, Richmond, VA for Rent

Retail - For Rent
1/6
1,400-10,910 SF | 2 Spaces

Mar '26


551 S 5th St
Richmond, VA 23219


HIGHLIGHTS

  • Foundry Park, CoStar Group's new corporate campus, offers first-time F&B leasing opportunities at a prime riverfront corner in Downtown Richmond.
  • Customizable ground-floor space for restaurants, cafés, and bars with a walk-through promenade, outdoor seating, and covered parking for guests.
  • Anchoring the campus' dedicated amenities building, the space benefits from steady foot traffic from the community and over 3,200 on-site employees.
  • Near Brown's Island, Allianz Amphitheater, and Belle Isle, this location draws over 2 million annual visitors for recreation and seasonal events.
  • Just a 10-minute walk from VCU and surrounded by walkable neighborhoods, the site offers a strong, built-in base of students and professionals.
  • Richmond is an ideal market for launching and growing standout F&B concepts with low living costs and a youthful, diverse population of 1.3 million.

OVERVIEW

Foundry Park, CoStar Group's expanded and skyline-reshaping corporate campus on the Brown's Island embankment, is Richmond's newest destination for business meetings, family outings, and evenings out. Located at 551 S 5th Street, the six-story, multi-use amenity building enhances the brand-new, 1-million-square-foot development with lifestyle-driven spaces such as a cutting-edge auditorium and state-of-the-art fitness and wellness facilities, designed to elevate the day-to-day office experience for more than 3,000 on-site employees. The amenity building also serves as a bridge to the broader community by offering first-time food and beverage leasing opportunities at the high-profile corner of 5th and Tredegar Streets overlooking the James River rapids. Customizable ground-floor commercial space is available for restaurants, cafés, bars, fast-casual dining, and other concepts. Whether it's a barbecue joint, coffee shop, cocktail lounge, or sweets parlor, Foundry Park offers high visibility, flexible configurations, strong branding potential, and excellent access. Tenants and guests enjoy a beautifully landscaped walk-through promenade, outdoor seating, covered reserved parking, and access to a dedicated loading dock, further elevating the visitor and leasing experience. Brown's Island, the immediately adjacent Allianz Amphitheater at Riverfront, and Belle Isle draw over 2 million annual visitors to their open green spaces, tree-lined trails, water recreation, and premier events, including the Richmond Folk Festival and Dominion River Rock. Virginia Commonwealth University (VCU), with 33,000 students, is just a 10-minute walk away, and most people who work within a mile of this location also live nearby, providing a built-in customer base. With one of the nation's lowest costs of living, a young and diverse population of 1.3 million, Richmond embodies a vibrant lifestyle that captures nearly every interest. Foundry Park is a highly visible beacon on the Richmond skyline from any vantage point, drawing people to experience new and known food and beverage concepts at the heart of everything that's thriving and fun in Richmond.

RENTAL DETAILS

SPACE AVAILABLE

1,400-10,910 SF

MAX CONTIG. (BLDG)

10,910 SF

# OF SPACES

2

RENT RATE (MO)

Request Info for Rent

RENT RATE (YR)

Request Info for Rent

LEASE TYPE

Triple Net

LEASE LENGTH

Negotiable

AVAILABLE

Mar 01, 2026

BUILDING DETAILS

STATUS

Under Construction

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

193,676 SF

BUILDING CLASS

A

YEAR BUILT

2026

PARKING SPACES

80

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,431 SF

ZONING

B-4

ASK ABOUT THIS PROPERTY

Thomas PapadopoulosPapadopoulos Properties, Inc.More Info
202-318-9882

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Thomas PapadopoulosPapadopoulos Properties, Inc.More Info
202-318-9882

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.