3 N 17th Street, Richmond, VA 23219

Property Description

This beautiful stately historic building is an investment opportunity in the heart of Richmond’s Shockoe Bottom neighborhood. With prime frontage along the City’s recently renovated 17th St Farmers Market pedestrian plaza, this asset offers impressive visibility, accessibility, and stature in one of the city’s oldest neighborhoods. 3 N 17th was constructed in 1833 and possesses an array of historic features from its era including original fireplaces, heart pine flooring, high ceilings, and original millwork. The property is comprised of a recently renovated ground floor restaurant space and a 2 story 1-2 bedroom apartment on the 2nd and 3rd floors. The restaurant space resides in a classic storefront and offers a turnkey full service opportunity with all equipment in place. In addition, the restaurant includes both a cozy dine-in space as well as a substantial outdoor patio with plenty of seating. The restaurant space is currently leased to an established user who has another 3.5 years left on a NNN lease. The 2 story apartment is spacious and full of natural light and can accommodate a 1-2 bedroom occupancy. The 2nd floor entry features a lovely living space with dramatic ceiling height, large fireplace, and heart pine flooring and a potential second bedroom or office. The 3rd floor of the apartment includes the balance of the living space and features an upgraded kitchen, second fireplace, bedroom and large bath. This property’s distinctive historic features and modern functionality make this an excellent opportunity to own and invest in an up and coming part of Richmond’s historic urban core.