Restaurant Space with
For Lease
$3,000/Mo
1703 E Franklin Street, Richmond, VA 23223
Historic storefront restaurant with bar and dining areas, zoned B-5.
Space SizeContact for details
Property Size3,855 SF
Days on Market800
Property Features for 1703 E Franklin Street
General Information
Standard status
Active
Size
3,855 SF
Zoning
B-5
Site & Location
Neighborhood
Shkb
Additional Details
Space Use
Restaurant
Patio
Yes
Building Details
Building Size
3,855 SF
Year Built
1880
Stories
2
Listing Agency:
One South Commercial LLC
(804) 266-8831
Listed By:
Lory Markham · License #0225227308
(804) 248-2561
Source:
Colerealestateinc
Added: Aug 15, 2024
Changed: Oct 23
Last Checked: Oct 23 at 4:06PM
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
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Investment Insights
Based on property information with market context.
This B-5-zoned restaurant occupies a storefront built in 1880, with original brickwork among its historic details. The space is fully built out for restaurant use and includes a bar, indoor dining area, and sidewalk patio seating. Frontage is along E Franklin Street.
The property is around the corner from the recently renovated 17th St Farmers Market pedestrian plaza. More than 500 apartment units are expected to finish construction within several blocks, according to the stated development timeline.
The property is around the corner from the recently renovated 17th St Farmers Market pedestrian plaza. More than 500 apartment units are expected to finish construction within several blocks, according to the stated development timeline.
Key Highlights
- Restaurant space in a storefront constructed in 1880
- Original brick walls and a fully built‑out restaurant interior
- Bar, dine‑in area, and outdoor sidewalk patio seating
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
6,645
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
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
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Market
Vacancy Rate% for Retail in Richmond, VA
Similar Off Market Nearby
- Spice of India — 106 N 7th St, Richmond, VA 23219
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Historic storefront restaurant with bar and dining areas, zoned B-5.
Where is this conventional restaurant located?
The property is located at 1703 E Franklin Street Richmond, VA.
What is the lease rate?
The lease rate is $3,000/Mo.
What are key features of this property?
This property features: Restaurant space in a storefront constructed in 1880; Original brick walls and a fully built‑out restaurant interior; Bar, dine‑in area, and outdoor sidewalk patio seating
