The business advocacy group decided to put its current headquarters building, an antebellum residence at 9 S. Fifth St., up for sale.
The chamber has occupied the building, called the Scott-Clarke House, since 1986. The group put an addition on the rear of the building just before moving in.
President and CEO Barry DuVal said his group is poised to outgrow the 8,400-square-foot building.
“We just announced this week that we are launching the Virginia Prosperity Project, which is a means by which the state chamber will be connecting to local and regional chambers throughout the commonwealth,” DuVal said.
As a result, he said, the chamber will be looking to add more staff to power the initiative over the next year. He said they will need more people to assist with data management as well. The chamber currently has a staff of 11.
DuVal said they hope to have a buyer by the end of the year.
As far as finding new space, DuVal said the group is still looking.
“We hope to stay in the city,” DuVal said. “We’d like to keep the process open to all potential bidders that would like to host the state chamber of commerce.”
The chamber has selected Lee Hilbert and Chuck Ellsworth with Grubb & Ellis | Harrison & Bates to represent them in the sale of the building, as well as in finding a new home.
Ellsworth said the building is an ideal fit for a professional firm or nonprofit organization. The asking price for the 8,400-square-foot building is $875,000.
The chamber bought the house in 1984 for $385,000.
“I love these old buildings. I get excited about marketing them,” Ellsworth said.
Built in 1841, the building is one the last remaining homes in Richmond exhibiting the Greek Revival style of architecture.
“It has 10 on-site parking spaces, too, which is nice for downtown,” Ellsworth said.