Historic Corner Mixed-Use
For Sale
Contact for pricing
21 N 17th St, Richmond, VA 23219
Six-parcel mixed-use portfolio with highly visible ground-floor restaurant and retail plus flexible B-5 zoning.
Property Size13,565 SF
Lot Size0.26 Acres
Days on Market136
Property Features for 21 N 17th St
General Information
Standard status
Active
Size
13,565 SF
Total Parking Spaces
15
Lot size
0.26 Acres
Property subtype
Mixed Use, Office, Retail
Zoning
B-5
Additional Details
Multifamily Units
2
Amenities
outdoor patio
satellite bar/event space
Building Details
Tenancy
Multi
Listing Agency:
One South Commercial
(804) 266-8831
Listed By:
Tom Rosman · License #VA 0225030879
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 22 at 3:21PM
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
Investment Insights
Based on property information with market context.
One South Commercial presents the 17th and Franklin St. portfolio, a six-parcel investment opportunity with approximately 13,565 SF of restaurant, office, and apartment space. The offering occupies the hard corner of N. 17th St. and E. Franklin St., with four 2-story mixed-use buildings and a corner 3-story building originally constructed between 1850 and 1924. The ground floor features prominent restaurant and retail space with substantial frontage along the recently renovated 17th St. Farmer’s Market.
Collectively, the properties offer 7,157 SF of ground-floor restaurant space currently occupied by long-term neighborhood institutions, Lulu’s and Tio Pablo. The restaurants include three commercial kitchen spaces, interior dining, a satellite bar/event space, and a substantial outdoor patio in front of Lulu’s.
The 2nd and 3rd floors provide additional flexibility and upside. There is approximately 3,700 SF of renovated creative office space, currently vacant and divisible, as well as a former 2 bed/1 bath apartment used as restaurant storage and administrative space. A 1 bed/1 bath short-term rental unit is also included with established rental history. The sixth parcel is a 15-car surface lot located across the street from 1704 E Franklin. The portfolio is zoned B-5.
Collectively, the properties offer 7,157 SF of ground-floor restaurant space currently occupied by long-term neighborhood institutions, Lulu’s and Tio Pablo. The restaurants include three commercial kitchen spaces, interior dining, a satellite bar/event space, and a substantial outdoor patio in front of Lulu’s.
The 2nd and 3rd floors provide additional flexibility and upside. There is approximately 3,700 SF of renovated creative office space, currently vacant and divisible, as well as a former 2 bed/1 bath apartment used as restaurant storage and administrative space. A 1 bed/1 bath short-term rental unit is also included with established rental history. The sixth parcel is a 15-car surface lot located across the street from 1704 E Franklin. The portfolio is zoned B-5.
Key Highlights
- Six‑parcel portfolio totaling 0.256 acres at the corner of N. 17th St. and E. Franklin St. in Richmond’s Shockoe Bottom.
- Approximately 13,565 SF of mixed‑use space with highly visible ground‑floor restaurant and retail along 17th St. Farmer’s Market.
- Ground‑floor restaurant and retail is collectively leased to long‑term neighborhood institutions Lulu’s and Tio Pablo.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6,645
Businesses Nearby
Explore this area
Business Placement
Demographics for 23219, VA
5,307
Population
3,488
Households
1.5
Avg Household Size
29
Median Age
62%
College-Educated
91%
High-School Grad
1.3 sq mi
ZIP Area
4,082
Density / Sq Mi
$62,533
Median Household Income
$46,509
Median Earnings
$1,439
Median Rent
$287,500
Median Home Value
Market
Vacancy Rate% for Office in Richmond, VA
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Six-parcel mixed-use portfolio with highly visible ground-floor restaurant and retail plus flexible B-5 zoning.
Where is this mixed-use property located?
The property is located at 21 N 17th St Richmond, VA.
What are key features of this property?
This property features: Six‑parcel portfolio totaling 0.256 acres at the corner of N. 17th St. and E. Franklin St. in Richmond’s Shockoe Bottom.; Approximately 13,565 SF of mixed‑use space with highly visible ground‑floor restaurant and retail along 17th St. Farmer’s Market.; Ground‑floor restaurant and retail is collectively leased to long‑term neighborhood institutions Lulu’s and Tio Pablo.
