417 W Grace St - Apartments 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
Apartments - FOR SALE
1/73
null | 4.38% Cap Rate

417 W Grace St
Richmond, VA 23220
Monroe Ward


HIGHLIGHTS

  • Completely renovated in 2015
  • Ground level commercial restaurant
  • Just off I-64 within steps of the VCU campus

OVERVIEW

Fully Occupied Mixed-Use Investment Opportunity at the "Gateway to Richmond", just off I-64 within steps of the VCU campus, in a vibrant, pedestrian-oriented location, located at the Costar Center for Arts, a 212,000-square-foot innovation hub currently under construction, with studios, galleries, performance centers, and collaborative workspaces, fostering a marketplace of diversity and innovation, at VCU's Institute for Contemporary Arts, The property features three 1-bedroom, 1-bath apartments, one 2-bedroom, 2-bath apartment, and 2450sf commercial space. It was completely renovated in 2015, blending historic charm with modern upgrades. The commercial restaurant space is in excellent condition and equipped with a 15' stainless hood, exhaust system, gas stove, large walk-in refrigerator, grease trap, and sprinkler system. The restaurant lease has 4 years remaining and the property is sold 'As Is", Showings begin June 6th.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$286 USD /SF

# OF UNITS

5

PRICE/UNIT

$420,000

CAP RATE

4.38%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1921

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

2,873 SF

ZONING

B-4

APN/PARCEL ID

W000-0214-004

ASK ABOUT THIS PROPERTY

Susan Haas; MURPHaas Realty GroupMore Info
804-349-5788

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Susan Haas; MURPHaas Realty GroupMore Info
804-349-5788

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