19 18Th StRichmond, VA 23223

Property Details for 19 18Th St

Year built

1910

Construction

WOOD

Lot size

0.04 AC

Property size (Sq ft)

2,825 SF

Zone code

B-5 CENTRAL BUSINESS

Property type

Investment properties

Property subtype

Live-work space

APN

E-000-0132-038

APU

E0000132038

Description

This exceptional mixed-use property in Richmond, Virginia's vibrant Shockoe Bottom, presents a unique owner-user opportunity. The 2,825 square foot building, constructed in 1910, boasts a well-established ground-floor restaurant space complete with a cozy dining area, large bar, and full kitchen. Upstairs, a spacious, updated two-bedroom apartment features an open living/dining area, a private balcony, and in-unit laundry. Currently 100% occupied, this property offers significant upside potential with below-market rent for the apartment. Six off-street parking spaces are included, a rare find in this desirable location. The property sits on a 0.079-acre lot and is zoned B-5, allowing for a variety of uses. Its prime corner location at 19 N 18th St offers impressive visibility and accessibility, just a block from the 17th Street Farmers Market. This is an ideal investment for a restaurant operator seeking to own their space in a thriving historic neighborhood. The asking price is $699,000, with a price per square foot of $247.43. The property consists of two parcels (APN: E0000132038 & E0000132039) and is a two-story building.

• CAP approach

  CAP return

  Valuation

  6%

  $538,289

  6.5%

  $496,882

  7%

  $461,391

• Comparable approach

  Method

  Valuation

  Relative Method

  $347,979

  Geo Method

  $471,803

• Alternative Use

  Use

  Valuation

  Residential

  $616,134

  Hospitality

  $564,376

  Educational

  $469,554

  Medical

  $485,702

  Retail

  $730,417

Location Insight

City

Richmond

County

Richmond City

State

Virginia

Latitude

37.5335

Longitude

-77.4268

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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