1717 E Franklin St - Storefront Retail/Residential FOR SALE


Richmond, VA 23223- Shockoe Bottom
$1,699,000 USD
804-337-9506
1717 E Franklin St, Richmond, VA for Sale
$1,699,000 USD
Storefront Retail/Residential - FOR SALE
1/28
null | Request Cap Rate

1717 E Franklin St
Richmond, VA 23223
Shockoe Bottom


HIGHLIGHTS

  • Walkable location downtown near several restaurants, shops, entertainment, etc.
  • Lots of natural light w/ desirable city views
  • Both (2) 3-bedroom, 2-bathroom residential units are 100% occupied
  • Significant upside for value-add potential

OVERVIEW

COMING SOON!! No showings until 8/21/26. Rare opportunity to acquire a fully renovated mixed-use investment property in the heart of Richmond's highly desirable Shockoe Bottom. This iconic three-story building offers stabilized residential income with significant value-add potential through the expansive commercial space. The 3,864 SF first-floor commercial space is fully built out as a restaurant and features a spacious dining area, private dining rooms, lower-level prep kitchen, walk-in cooler, and well-maintained, fully operational kitchen equipment. Available for immediate occupancy, the flexible layout is ideal for a restaurant, brewery, winery, cocktail bar, coffee shop, entertainment venue, office, creative workspace, or other retail/flex uses. Above the commercial space are two renovated apartments, each approximately 1,940 SF with 3 bedrooms and 2 full bathrooms. Both units are 100% occupied, providing immediate cash flow with additional upside through future rent increases. The apartments feature hardwood floors, high ceilings, abundant natural light, and panoramic Downtown Richmond views. Located within walking distance of Richmond's premier restaurants, breweries, entertainment venues, and major employers, the property offers outstanding visibility, strong pedestrian traffic, and convenient access to I-95, I-64, and the Central Business District. Whether you're seeking a stabilized investment with immediate income or a value-add opportunity to increase NOI by leasing the commercial space at market rents, 1717 E. Franklin Street is a rare opportunity to own a premier mixed-use asset in one of Richmond's most sought-after urban neighborhoods. Some marketing images have been digitally enhanced and/or AI-generated to illustrate potential post-renovation improvements. Renderings are conceptual only. Buyers should verify all information and conduct their own due diligence.

FOR SALE DETAILS

PRICE

$1,699,000 USD

PRICE/SF

$219 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Mixed-Use Commercial w/ (2) 3-bedroom apts

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Bar, Restaurant, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1890

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

B-5

APN/PARCEL ID

E000-0108-007

ASK ABOUT THIS PROPERTY

Matt SuggJ&H Capital, LLCMore Info
804-337-9506

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Matt SuggJ&H Capital, LLCMore Info
804-337-9506

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