19 N 18th St
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19 N 18th St
2,825 SF 100% Leased Retail Building Richmond, VA 23223 $699,000 ($247/SF)
Investment Highlights
- Mixed-Use
- 6 Off-Street Parking Spaces
- 2-Bedroom Apartment
- B-5 Zoning
Executive Summary
MIXED-USE RESTAURANT BUILDING IN SHOCKOE BOTTOM | OWNER USER OPPORTUNITY WITH OFF-STREET PARKING.
One South Commercial is pleased to present 19 & 21 N 18th St. This corner retail, mixed-use opportunity offers a rare and unique investment for any Richmond restaurant operator seeking to own and operate in the historic Shockoe Bottom neighborhood. Just a block from the city’s recently renovated 17th St Farmers Market pedestrian plaza, 19 and 21 N 18th St are situated prominently on the southeast corner of E. Franklin and N 18th St, offering impressive visibility, accessibility, and stature in one of the city’s oldest neighborhoods.
The property consists of two (2) parcels: 21 N 18th St, a 6-car surface lot, and 19 N 18th St, a 2,800 SF 2-story, mixed-use building. 19 N 18th St is comprised of a well-established, ground-floor retail restaurant space and an updated, spacious 2-bedroom apartment on the second floor. The restaurant space features a cozy dine-in space, large bar, and full kitchen. The second-floor, 2-bedroom apartment possesses an open living/dining concept, second-floor balcony, painted brick walls, washer/dryer in unit, private entry on N 18th St, and central air. The unit is currently under market rent for the neighborhood and provides some excellent upside for any incoming buyer to increase the property’s cash flow and offset expenses.
This property’s distinctive historic location and modern functionality make an excellent opportunity to own and invest in an up and coming part of Richmond’s historic urban core.
One South Commercial is pleased to present 19 & 21 N 18th St. This corner retail, mixed-use opportunity offers a rare and unique investment for any Richmond restaurant operator seeking to own and operate in the historic Shockoe Bottom neighborhood. Just a block from the city’s recently renovated 17th St Farmers Market pedestrian plaza, 19 and 21 N 18th St are situated prominently on the southeast corner of E. Franklin and N 18th St, offering impressive visibility, accessibility, and stature in one of the city’s oldest neighborhoods.
The property consists of two (2) parcels: 21 N 18th St, a 6-car surface lot, and 19 N 18th St, a 2,800 SF 2-story, mixed-use building. 19 N 18th St is comprised of a well-established, ground-floor retail restaurant space and an updated, spacious 2-bedroom apartment on the second floor. The restaurant space features a cozy dine-in space, large bar, and full kitchen. The second-floor, 2-bedroom apartment possesses an open living/dining concept, second-floor balcony, painted brick walls, washer/dryer in unit, private entry on N 18th St, and central air. The unit is currently under market rent for the neighborhood and provides some excellent upside for any incoming buyer to increase the property’s cash flow and offset expenses.
This property’s distinctive historic location and modern functionality make an excellent opportunity to own and invest in an up and coming part of Richmond’s historic urban core.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,825 SF
Building Class
C
Year Built
1910
Price
$699,000
Price Per SF
$247
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.81
Lot Size
0.08 AC
Opportunity Zone
Yes
Zoning
B-5
Parking
6 Spaces (2.12 Spaces per 1,000 SF Leased)
Frontage
69 FT on N 18th St
Amenities
- Bus Line
- Courtyard
- Signage
Walk Score ®
Walker's Paradise (94)
Bike Score ®
Very Bikeable (75)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $371,000 | |
| Land Assessment | $249,000 | Total Assessment | $620,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$249,000
Improvements Assessment
$371,000
Total Assessment
$620,000
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19 N 18th St
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