Richmond, VA 23220 417 W Grace Street

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Presented By: Susan Haas with HAAS Realty Group.
  • Central Virginia Regional MLS (CVRMLS) - 11 - VA
  • MLS# 2514699
  • 05/23/2025
  • SQFT • 6,132

Home Details

Haas Realty Group is pleased to offer 417 W. Grace St, 5-Unit Mixed-Use Investment Opportunity, positioned at VCU's most prominent and innovative hub, and centrally located in a vibrant, pedestrian-oriented location, walking distance to campus, shops, restaurants and mass transit. The building was completely renovated in 2015, blending historic charm with modern upgrades, making for comfortable and durable living spaces, that feature large windows, tall ceilings, granite countertops, stainless-steel appliances, exposed brick and beautiful hardwood floors throughout. There is opportunity to add value and increase rental income, as this location continues to grow. 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"
Presented By: Susan Haas with HAAS Realty Group.

Interior Features for 417 W Grace Street

Bathrooms

Half Baths0
Total Baths

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Total Stories3

General for 417 W Grace Street

AccessibilityAccessibilityFeatures
Additional Parcels Y/NNo
Attached Garage No
Building FeaturesMultiTenant, NoElevators
Cap Rate4.5
Carport Y/NNo
Construction MaterialsBrick
CoolingCentralAir
CountyRichmond City
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
HOANo
HeatingHeatPump
Home Warranty Y/NNo
Land Lease Y/NNo
Leasable Area6132.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsThreeOrMore
Lot Size UnitsAcres
MLS Area10 - Richmond
MobileHomeRemainsYNNo
Net Operating Income94160.0
New ConstructionNo
Operating Expense32949.0
OwnershipInvestment
PossessionCloseOfEscrow
Possible UseRestaurant
Property Attached Y/NNo
Property ConditionVeryGoodCondition
Property TypeCommercialSale
Rent Control Y/NNo
RoofRubber
Senior Community Y/NNo
SewerPublicSewer
Standard StatusActive
StatusActive
Stories3
Tax Assessed Value0
TopographyLevel
Year Built2015
Year Built DetailsRenovated
Zoning DescriptionB4

Exterior for 417 W Grace Street

Building Area Total6132.0
Crops Included Y/NNo
FencingNone
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLevel
Lot Size Acres0.07
Lot Size Area0.07
Open Parking Y/NNo
Road Frontage TypeCityStreet
SpaNo
Total Parking0.0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Ryan Medlin

REALTOR
Price $2,100,000
MLS#2514699
List Date 05/23/2025
Property Type Commercial
Phone 804.564.1092
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