Property 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.

Property Features