19 & 21 N 18th Street, Richmond, VA 23223

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.