417 W Grace St - Storefront Retail/Residential FOR SALE


Richmond, VA 23220- Monroe Ward
$2,100,000 USD
804-349-5788
417 W Grace St, Richmond, VA for Sale
$2,100,000 USD
Storefront Retail/Residential - FOR SALE
1/5
null | 4.4% Cap Rate

Jun '25


417 W Grace St
Richmond, VA 23220
Monroe Ward


HIGHLIGHTS

  • Conveniently Located at VCU Campus
  • Fully Occupied Mixed-Use
  • Newly Renovated Commercial Space
  • Located at Costar Center, Institute for Contemporary Art
  • Transit and Pedestrian-Oriented Location
  • Walk to Restaurants, Cafes, Campus

OVERVIEW

Investment Opportunity at VCU . 417 W Grace St is a fully occupied mixed-use property in the heart of VCU's W Grace St corridor. Featuring three 1-bedroom, 1-bath apartments, one 2-bedroom, 2-bath apartment, and a commercial restaurant space. The building was completely renovated in 2015, blending historic charm with modern upgrades. The restaurant space is equipped with a 15' hood and exhaust system, gas stove, large walk-in refrigerator, grease trap, and sprinkler system. The property sits just behind the Costar Center for Arts, a 212,000-square-foot innovation hub currently under construction and will include studios, galleries, performance centers, and collaborative workspaces, fostering a marketplace of diversity and innovation, near VCU's Institute for Contemporary Arts, located at the "Gateway to Richmond", just off I-64, in a vibrant, pedestrian-oriented location. The property is sold 'As Is", Showings begin June 6

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$857 USD /SF

CAP RATE

4.4%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1919

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

B-4

APN/PARCEL ID

W000-0214-004

ASK ABOUT THIS PROPERTY

Susan HaasHaas Realty GroupMore Info
804-349-5788

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Susan HaasHaas Realty GroupMore Info
804-349-5788

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.