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$ 550,000
Est. payment | /mo
6,403 SqFt
$ 550,000
Est. payment | /mo
6,403 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 6,403 sqft
Price per Sqft $85
MLS Listing ID 2603134
Style Garden Home
HOA Y/N No
Year Built 1974
Property Description
7–9 North 18th Street represents an incredible opportunity to own and redevelop a significant piece of historic Shockoe Bottom. Currently in shell condition, the building offers a blank canvas for investors and developers seeking to create a transformative project in one of Richmond's most dynamic neighborhoods. With three entrances along North 18th Street, the property provides strong frontage and design flexibility, while its B-5 zoning supports development up to five stories in height with multifamily permitted by right — a rare combination that positions the asset for a wide range of high-impact uses. Further enhancing its appeal, a Special Use Permit approved in 2025 allows for the construction of a 17-space parking garage within the building, accessed from the alley off 18th Street — a unique and highly valuable entitlement in an urban setting where parking is at a premium. This approval can be integrated into a larger multi-story residential or mixed use development or executed as a standalone, income-producing parking facility. Alternatively, the property is well-suited for retail or other commercial redevelopment, capitalizing on the neighborhood's continued growth and energy. Don't miss this rare chance to acquire a large historic asset on North 18th Street and bring a visionary project to life in the heart of Shockoe Bottom.
Location
State VA
County Richmond City
Area 10 - Richmond
Interior
Cooling Central Air
Exterior
Roof Type Flat
Topography Level
Building
Lot Description Level
Building Description Block, Multi-Tenant,No Elevators
Story 1
Sewer Public Sewer
Water Public
Architectural Style Garden Home
Level or Stories One
Structure Type Block
Others
Tax ID E000-0132-030
Ownership Investment
Listed by One South Commercial LLC
Schools and Properties Nearby
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