1717 E Franklin ST, Richmond, VA 23223
1717 E Franklin ST, Richmond, VA 23223
1717 E Franklin ST, Richmond, VA 23223
1717 E Franklin ST, Richmond, VA 23223
1717 E Franklin ST, Richmond, VA 23223
1717 E Franklin ST, Richmond, VA 23223
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LaToya Washington

LaToya Washington

+1(804) 874-6806
$ 1,699,000
Est. payment | /mo

7,744 SqFt

Save
$ 1,699,000
Est. payment | /mo
Save

7,744 SqFt

Key Details

Property Type Commercial

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 7,744 sqft

Price per Sqft $219

MLS Listing ID 2621985

Style Garden Home

Construction Status Actual

HOA Y/N No

Year Built 1890

Lot Size 0.400 Acres

Acres 0.4

Property Description

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

Location

State VA

County Richmond City

Area 10 - Richmond

Direction 17th Street & Franklin St

Interior

Cooling Central Air

Exterior

Roof Type Other

Topography Level

Building

Lot Description Level

Building Description Brick, Multi-Tenant,No Elevators

Story 3

Sewer Public Sewer

Water Public

Architectural Style Garden Home

Level or Stories Three Or More

Structure Type Brick

Construction Status Actual

Others

Tax ID E000-0108-007

Ownership Investment,Owner-User

Central Virginia Regional MLS (CVR MLS)
Listed by Compass
LaToya Washington

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(804) 874-6806

broker@thecovenantrealty.com

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1717 E Franklin ST