Property Description

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

Property Features