3 N 17th St - Restaurant FOR SALE


Richmond, VA 23219
$750,000 USD
804-723-0446
3 N 17th St, Richmond, VA for Sale
$750,000 USD
Restaurant - FOR SALE
1/30
null | Request Cap Rate

3 N 17th St
Richmond, VA 23219


HIGHLIGHTS

  • Historic features
  • Outdoor patio
  • Spacious 2 story apartment
  • Established restaurant user in place

OVERVIEW

This beautiful stately historic building is a unique mixed-use 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.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$189 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1833

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,307 SF

ZONING

B-5

APN/PARCEL ID

E000-0108-038

ASK ABOUT THIS PROPERTY

Ann Schweitzer RileyOne South CommercialMore Info
804-723-0446

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Ann Schweitzer RileyOne South CommercialMore Info
804-723-0446

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.