Fully-Occupied Mixed-Use Opportunity at VCU
$1,650,000
417 W Grace St, Richmond, VA 23220
5.8
Cap Rate
96,258
NOI
Details:
Highlights:
- Prime VCU Location
- Mixed-Uses: 4 Apartments and 1 Commercial Space
- Fully Occupied
- Part Seller-Financing Available
Description:
RVA Investment Opportunity, centrally located at VCU's newest and most innovative education center, VCI Campus in a vibrant, pedestrian-oriented location, walking distance to campus, shops, restaurants and mass transit. 417 W Grace St consists of 4 apartments and DCG Restaurant. The building was fully restored in 2015 and meticulously maintained since. The apartment interiors are comfortable and durable, blending historic charm with modern upgrades. Abundant natural lighting from large windows, open, tall ceilings, exposed brick and beautiful hardwood floors, granite countertops, stainless-steel appliances, brushed nickel fixtures and other upgrades. The commercial restaurant space is in excellent condition and equipped with well-maintained 15' stainless hood, exhaust and sprinkler systems, gas stove, large walk-in refrigerator, grease trap and ADA restroom. The restaurant lease has 3 years remaining. The property is sold in 'As Is" condition.
Located 300 feet to Richmond's future Arts & Innovation Center and VCU campus, at the Gateway to Richmond, in a vibrant, pedestrian-oriented location, within walking distance to VCU Campus at the VCU/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, and with a view of the VCU Engineering Building.
Dominion Energy
Restaurant
Documents:
| Title | ||
|---|---|---|
| Brochure (P) | ||
| Altieri-VCU-Arts-and-Innovation-Academic-Building (1).pdf | ||
| 417 W Grace St. Income and Expenses June 2026.pdf |
Location
Gallery
