For Sale
Turn Key Restaurant Owner Occupant Opportunity
618 North 1st Street Richmond Virginia 23219
Asking$695,000
For Sale
618 North 1st Street Richmond Virginia 23219
Positioned in the heart of Jackson Ward–one of Richmond’s most historic and culturally vibrant neighborhoods–618 N 1st St is a fully renovated two-story mixed-use duplex which offers a rare opportunity to own a proven, turn-key hospitality asset. The ground floor features an approximately 1,200 SF restaurant space outfitted with a full commercial kitchen, including hood system, walk-in refrigeration, bar, and existing equipment, allowing for a seamless transition for a new operator. Complementing the interior is a lovely 450 SF outdoor patio, with the flexibility to be enclosed for year-round use as well as 3 off street parking spaces. The property boasts a strong operational pedigree, having previously housed two highly regarded, upscale dining concepts, underscoring its viability as a premier restaurant location.
The second floor consists of a well-appointed 1,200 SF two-bedroom, one-bath apartment, offering versatile utility as an owner’s residence, executive office, or employee housing—an increasingly valuable amenity for restaurant operators. Both levels underwent comprehensive renovation approximately 10 years ago, blending historic character with modern functionality. Historically leased to a single tenant for operational efficiency, the property works well either as a single tenant or multi-tenant investment. This is a compelling opportunity for an owner-operator or investor seeking a distinctive, income-producing asset in one of Richmond’s most dynamic urban districts.
ABOUT JACKSON WARD
Known historically as the “Harlem of the South” and “Black Wall Street,” Jackson Ward has seen a powerful resurgence, with Black-owned businesses and local entrepreneurs investing back into the community. From restaurants and cafes to shops and services, the neighborhood is full of opportunities to support local businesses while enjoying its unique culture and flavor. Apartments in Jackson Ward place you right in the center of this thriving community, offering walkable access to dining, shopping, and the broader downtown Richmond area.
Beyond its local businesses, Jackson Ward is rich in history and culture, home to landmarks like the Black History Museum & Cultural Center of Virginia and the Maggie L. Walker National Historic Site. With parks, public art, and cultural events throughout the neighborhood, Jackson Ward is a dynamic destination to live, explore, and connect with Richmond’s vibrant past and present.
Ann Schweitzer Riley has become a distinguished figure in commercial real estate, focusing primarily on sales of urban commercial properties, including office spaces, retail locations, multi-family buildings, industrial facilities, and mixed-use developments. With a rich background that spans over a decade, Ann has developed a keen expertise in property sales, investment, and development.
A graduate of UVA, Ann’s journey in real estate began as a residential real estate appraiser in Charlottesville, VA. Her career path led her to roles as a legal assistant and later to Richmond in 2008, where she worked with an affordable housing nonprofit. There, she gained a passion for construction and real estate development. This foundation allowed her to excel as a real estate construction project manager and later as a corporate commercial sales agent.
Today, at One South Commercial, Ann is renowned for her sharp insights in market trends, her strategic approach to property disposition, and her ability to optimize asset value for her clients. Her comprehensive understanding of both residential and commercial real estate markets, combined with her specific expertise in commercial sales, makes her an invaluable partner to property owners and buyers alike.
Ann’s commitment to her clients and her profound market knowledge ensure tailored, effective strategies for those looking to invest in or divest commercial real estate assets.
DISCLAIMER: This offering memorandum is intended as a reference for prospective purchasers in the evaluation of the property and its suitability for investment. Neither One South Commercial nor Seller make any representations or warranties with respect to the accuracy or completeness of the materials contained in the offering memorandum. Prospective purchasers should evaluate the property independently and rely solely on such independent evaluation in determining whether to purchase the property. The offering memorandum, pricing, and terms therein are subject to change or withdrawal at the discretion of Seller and One South Commercial, as Seller’s exclusive representative. *Information provided deemed reliable but not guaranteed
