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$1,300,000
669 Days On Site

424 E Grace Street
Richmond, VA 23219

For Sale|Commercial Sale|Active
0
Beds
0
Full Baths
0
Partial Baths
10,980
SqFt
$118
/SqFt
1928
Built
County:
Richmond City
Listing courtesy of One South Commercial LLC 8043074060

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424 E Grace Street424 E Grace Street424 E Grace Street424 E Grace Street
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Welcome to 424 E Grace Street in Richmond, VA, a stunning historical building dating back to 1928. With the recent signing of a lucrative ten-year NNN lease covering both the first floor and basement, 424 E Grace emerges as a prime investment opportunity for both seasoned investors and prospective owner-occupants alike. Boasting a fully outfitted and easily accessible second floor, tailored to suit the needs of a new office tenant, this property stands ready to accommodate various business ventures. Its existing finishes coupled with favorable B-4 zoning present a multitude of avenues for maximizing returns, including several redevelopment possibilities. Moreover, it is primed for immediate occupancy by an owner-user, with minimal build-out requirements. Spanning nearly 11,000 square feet and strategically situated on a corner lot, the location remains an enticing prospect for retail or office purposes. With a range of highly reputed restaurants and cafes just steps away, the location of 424 E Grace Street is a bustling area one block south of Richmond’s iconic Broad St. Enjoy the convenience of being on the doorstep of popular establishments like Lillie Pearl, Wong Gonzales, Secret Sandwich Society, Rappahannock, and Buttermilk & Honey. The property is also walking distance to performing arts centers such as, The National and Dominion Energy Center. East Grace Street has undergone a transformation in recent years, with a wave of new development that has transformed the area into a vibrant and bustling neighborhood. The property sits prominently at the corner of N 5th St and E Grace St, making it a highly visible location with a stately architectural profile and glass line. The street is considered to be very walkable, with a range of amenities within easy reach.

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Listing Snapshot
Price 
$1,300,000
Days On Site 
669 Days
Bedrooms 
N/A
Inside Area (SqFt) 
10,980 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1928
MLS® Number 
2303990
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
5 days agoListing updated with changes from the MLS®
4 months agoStatus changed to Active
2 years agoListing first seen on site
General Features
Additional Property Use 
Retail
Number Of Stories 
2
Sewer 
Public Sewer
SqFt Total 
10980
Stories 
Two
Style 
Garden Home
Water Source 
Public
Zoning 
B-4
Interior Features
Cooling 
Central Air
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Exterior Features
Construction Details 
Block
Lot Features 
Level
Road Frontage 
City Street
Roof 
Flat
Community Features
MLS Area 
10 - Richmond
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of listings. All IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.



Data last updated at 2024-10-30 12:00 AM UTC.

Neighborhood & Commute
Source: Walkscore
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