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Mixed-Use Property with Restaurant
For Lease
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1407 East Cary Street, Richmond, VA 23219

Equipped restaurant space offers bar and dining areas on two levels, with apartments under renovation above.

Space Size5,972 SF
Property Size13,530 SF
Days on Market139

Property Features for 1407 East Cary Street

General Information

Standard status Active
Size 5,972 SF
Property subtype Retail, Restaurant
Lease Type NNN

Space & Availability

Floor 1 + Basement
Space Use Restaurant

Restaurant

Commercial Hood Yes
Equipment Included Yes

Building Details

Building Size 13,530 SF
Year Renovated 1998
Tenancy Multiple

Spaces For Lease

at 1407 East Cary Street Contact us

1st floor and basement

Size
5,972 SF
Type
Restaurant, Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Sperity Real Estate Ventures
Listed By: Nathan Hughes · License #0225084857
Source: Crexi
Added: Apr 17 Changed: Sep 2 Last Checked: Aug 31 at 8:46PM

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 Sperity Real Estate Ventures

Investment Insights

Based on property information with market context.

This mixed-use property at 1407 East Cary Street includes a restaurant occupying the first floor and basement. The two-level operation provides bar and dining areas on each floor, along with a substantial hood and kitchen equipment. The restaurant space was renovated in 1998 and is offered for food-focused concepts; nightclub and lounge uses are excluded.

Apartments on the upper floors are scheduled for build-out and renovation in 2026. The property is positioned in Richmond’s Shockoe Slip, near The Hard Shell on Cary Street. An 87 Walk Score and established lunch-through-dinner pedestrian activity support the site’s urban restaurant setting.

Key Highlights

  • Mixed‑use property with restaurant space on the first floor and basement
  • Bar and dining areas located on both restaurant levels
  • Large hood and kitchen equipment are already in place

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Auto Repair Shop Law Firm Building Supply Kitchen & Bath Showroom HVAC Service Electrical Service

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

Yes
Commercial hood
NNN (Triple Net)
Lease Type
$2.10 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,087
Businesses Nearby

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 Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Equipped restaurant space offers bar and dining areas on two levels, with apartments under renovation above.
Where is this mixed-use property located?
The property is located at 1407 East Cary Street Richmond, VA.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: Mixed‑use property with restaurant space on the first floor and basement; Bar and dining areas located on both restaurant levels; Large hood and kitchen equipment are already in place
(804) 464-3898 Call to check price and availability
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