$ 699,000
19 & 21 N 18th ST Richmond, VA 23223
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$ 699,000
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Active
19 & 21 N 18th ST Richmond, VA 23223
2,825 SqFt
UPDATED:
10/08/2024 05:08 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,825 sqft
Price per Sqft $247
MLS Listing ID 2230416
Style Garden Home
HOA Y/N No
Year Built 1910
Lot Size 3,441 Sqft
Acres 0.079
Property Description
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, 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 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.
operate in the historic Shockoe Bottom neighborhood. Just a block from the city?s recently renovated 17th St Farmers Market, 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 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.
Location
State VA
County Richmond City
Area 10 - Richmond
Interior
Cooling Central Air
Exterior
Roof Type Flat
Topography Level
Handicap Access Accessibility Features
Building
Lot Description Level
Building Description Brick, Multi-Tenant,No Elevators
Story 2
Sewer Public Sewer
Water Public
Architectural Style Garden Home
Level or Stories Two
Structure Type Brick
Others
Tax ID E000-0132-038 & E0000132039
Ownership ,Investment,Owner-User
Listed by One South Commercial LLC