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Prime Retail Space in Richmond
For Lease
$2,620/Mo

15 N 18th St, Richmond, VA 23223

6,125 SF retail space in the heart of Shockoe Bottom.

Space SizeContact for details
Days on Market140

Property Features for 15 N 18th St

General Information

Standard status Active

Building Details

Year Built 1920
Listing Agency: One South Commercial LLC
Listed By: Christopher Corrada · License #0225066800
Source: Onedreamrealty
Added: Apr 24 Changed: Sep 8 Last Checked: Sep 9 at 11:21PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of One South Commercial LLC

Investment Insights

Based on property information with market context.

Located on North 18th Street, this 6,125 square foot retail space presents an opportunity for restaurants, retailers, or creative office users in Shockoe Bottom. Positioned as an end space on a vibrant block, the property offers flexibility, including the option to divide the space and up to three storefront doors along North 18th Street. An outdoor patio enhances the appeal for food and beverage businesses, and the potential to install a hood makes it suitable for restaurant operators. The landlord has prepared the space and aims to deliver it to tenants ready to operate. With 31 apartments above, proximity to VCU Health / MCV, and the upcoming multifamily development, The Bakery Apartments on North 17th Street, the property benefits from a customer base. Surrounded by Shockoe Bottom's dining, nightlife, and entertainment, this space offers a chance to establish a presence in Richmond's urban area. The location has a bike score of 88, indicating it is very bikeable, a walk score of 81, indicating it is very walkable, and a transit score of 58, indicating good transit options.

Key Highlights

  • Premier location in the heart of Shockoe Bottom on a vibrant block.
  • Grand outdoor patio ideal for food‑and‑beverage businesses.
  • Flexible space with the ability to demise and up to three storefront doors.

Property Analytics

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Current Use

Market Villas Apartments Apartment Complex

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Veterinary Clinic Tanning Salon Plumbing Service Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$0.18 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

6,645
Businesses Nearby

Demographics for 23223, VA

51,960
Population
27,141
Households
1.9
Avg Household Size
35
Median Age
32%
College-Educated
90%
High-School Grad
16.7 sq mi
ZIP Area
3,111
Density / Sq Mi
$56,518
Median Household Income
$39,828
Median Earnings
$1,224
Median Rent
$236,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Richmond, VA

$16.55 /SF/Yr
Avg Asking Price
$1.21–$30.99 /SF/Yr
Price Range
7,673 SF
Avg Space Size

This space is priced 93% below the average of $16.55 /SF/Yr.

Vacancy Rate% for Retail in Richmond, VA

6.9% 2019
7.5% 2020
7% 2021
5.2% 2022
4.2% 2023
4.9% 2024
5.7% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - 6,125 SF retail space in the heart of Shockoe Bottom.
Where is this retail space located?
The property is located at 15 N 18th St Richmond, VA.
What is the lease rate?
The lease rate is $2,620/Mo.
What are key features of this property?
This property features: Premier location in the heart of Shockoe Bottom on a vibrant block.; Grand outdoor patio ideal for food‑and‑beverage businesses.; Flexible space with the ability to demise and up to three storefront doors.
More about this property
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