424 E Grace Street, Richmond, VA

$1,300,000

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About 424 E Grace Street

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.

Features of 424 E Grace Street

MLS® # 2303990
Price $1,300,000
Bathrooms 0.00
Acres 0.00
Year Built 1928
Type Commercial Sale
Status Active

Community Information

Address 424 E Grace Street
Area 10 - Richmond
City Richmond
County Richmond City
State VA
Zip Code 23219

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling CentralAir
Fireplace No
# of Stories 2

Exterior

Exterior Block
Lot Description Level
Roof Flat

Additional Information

Date Listed November 30th, -0001
Days on Market 371
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeOne South Commercial LLC

Listing Map

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