Historic Shockoe Bottom Redevelopment
7 N 18th St Richmond, VA 23223
For Sale
$595,000
Redevelopment opportunity in historic Shockoe Bottom neighborhood.
Days on Market95
Property Features for 7 N 18th St
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1974
Listing Agency:
One South Commercial LLC
(804) 833-7909
Listed By:
Christopher Corrada
(804) 833-7909
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 27 at 10:49AM
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 in historic Shockoe Bottom, this property presents a redevelopment opportunity. The building, currently in shell condition, offers a blank canvas for investors and developers. It features three entrances along North 18th Street, providing frontage and design flexibility. The B-5 zoning supports development up to five stories, with multifamily use permitted by right. 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. This approval can be integrated into a larger multi-story residential or mixed-use development or executed as a standalone, income-producing parking facility. The property is also suited for retail or other commercial redevelopment. 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.
Key Highlights
- Approved Special Use Permit for a 17‑space parking garage, a unique and valuable entitlement.
- B‑5 zoning allows for development up to five stories with multifamily permitted by right.
- Located in the dynamic Shockoe Bottom neighborhood.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Redevelopment opportunity in historic Shockoe Bottom neighborhood.
Where is this mixed-use property located?
The property is located at 7 N 18th St Richmond, VA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Approved Special Use Permit for a 17‑space parking garage, a unique and valuable entitlement.; B‑5 zoning allows for development up to five stories with multifamily permitted by right.; Located in the dynamic Shockoe Bottom neighborhood.
