618 N 1st St - Storefront Retail/Residential FOR SALE


Richmond, VA 23219- Jackson Ward
$695,000 USD
804-723-0446
618 N 1st St, Richmond, VA for Sale
$695,000 USD
Storefront Retail/Residential - FOR SALE
1/37
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NEW


618 N 1st St
Richmond, VA 23219
Jackson Ward


HIGHLIGHTS

  • Move-in ready ground floor restaurant with rear patio/courtyard
  • Fully renovated in 2016
  • 3 off street parking spaces
  • Potential to expand building footprint
  • Ideal for owner occupant

OVERVIEW

Positioned in the heart of Jackson Ward–one of Richmond’s most historic and culturally vibrant neighborhoods–618 N 1st St is a fully renovated two-story mixed-use duplex which offers a rare opportunity to own a proven, turn-key hospitality asset. The ground floor features an approximately 1,200 SF restaurant space outfitted with a full commercial kitchen, including hood system, walk-in refrigeration, bar, and existing equipment, allowing for a seamless transition for a new operator. Complementing the interior is a lovely 450 SF outdoor patio, with the flexibility to be enclosed for year-round use as well as 3 off street parking spaces. The property boasts a strong operational pedigree, having previously housed two highly regarded, upscale dining concepts, underscoring its viability as a premier restaurant location. The second floor consists of a well-appointed 1,200 SF two-bedroom, one-bath apartment, offering versatile utility as an owner’s residence, executive office, or employee housing—an increasingly valuable amenity for restaurant operators. Both levels underwent comprehensive renovation approximately 10 years ago, blending historic character with modern functionality. Historically leased to a single tenant for operational efficiency, the property works well either as a single tenant or multi-tenant investment. This is a compelling opportunity for an owner-operator or investor seeking a distinctive, income-producing asset in one of Richmond’s most dynamic urban districts.

FOR SALE DETAILS

PRICE

$695,000 USD

PRICE/SF

$261 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Turn Key Restaurant Owner/Occupant!

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

CROSS STREETS

Jackson

LAND ACRES

0.09 AC

LAND SF

3,781 SF

ZONING

R-63

APN/PARCEL ID

N000-0080-004

ASK ABOUT THIS PROPERTY

Ann Schweitzer RileyOne South CommercialMore Info
804-723-0446

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Ann Schweitzer RileyOne South CommercialMore Info
804-723-0446

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