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32500338
32500350

618 North 1st Street, Richmond, VA 23219

AS
VA 0225211714
One South Commercial
Listed by One South Commercial
$695,000
25 days on market
Updated 25 days ago
Opportunity zone

Turn Key Restaurant Owner Occupant Opportunity

Details
APN N000-0080-004
Property Type Retail, Mixed Use
Sub Type Restaurant
Square Footage 2,667
Beds 2
Tenancy Vacant
Year Built 1910
Year Renovated 2016
Stories 2
Acreage 0.090
Zoning R-63
Parking Spaces 3 spaces
Parking Per SqFt 1.12
Investment Type Owner/User

2 Story Mixed Use Duplex Available in Jackson Ward

Marketing description

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.

Investment 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

Listing Contacts

AS
VA 0225211714
One South Commercial
Listed by One South Commercial

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