1717 E Franklin Street
Richmond, VA, 23223 $ 1,699,000
Bedrooms-- Baths-- Sq 7,744 Monthly Estimate*
$ 11,735
for $1,699,000. This 7,744 square foot building was built in 1890 on a lot size of 0.4.
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
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FeaturesGeneralSewer Public Sewer
Cooling Central Air
Possession Close Of Escrow
Roof Other
Architectural Style Garden Home
Construction Materials Brick
Year Built 1890
Stories 3
Topography Level
Levels Three Or More
Percent Ownership Investment Owner-User
County Richmond City
Property Type Commercial Sale
Possible Use Restaurant Retail
Building Features Multi-Tenant No Elevators
Total Rooms 21
Full Baths 0
Status Active
Directions 17th Street & Franklin St
Zoning Description COM
MLS Area 10 - Richmond
Lot Size Units Acres
Year Built Details Actual
Property Condition Good Condition
Leasable Area 7744
Lease Considered Y/N false
Days on Market 7
Standard Status Active
Tax Assessed Value 0
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InteriorTotal Stories 3
Basement (Y/N) false
Air Conditioning Y/N true
Half Baths 0
Total Baths 0
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ExteriorLot Features Level
Water Source Public
Lot Size Area 0.4
Building Area Total 7744
Lot Size Acres 0.4
Road Frontage Type City Street
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* Excluded FeaturesList ByJenny MaraghyListing Agent
jenny@jennymaraghyteam.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $11,735
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Richmond, VA
Average List Price $1,350,313
Percent of Sale Price 21%
About Richmond, VA 228,048 Population
15% Since 2002
$ 44,360 Median Income
34.76 Median Age
20% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/21/2026 | $1,699,000 | | Listed Price |