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Fully Occupied Mixed-Use Investment Opportunity at VCU

$2,100,000

417 W Grace St, Richmond, VA 23220

Active
Last Updated: 06/02/2025

4.38

Cap Rate

91,991

NOI

Details:
Cap Rate:    4.38%
NOI:    $91,991
Building Size:    6,132 sqft
Lot Area:    0.066 acres
Occupancy:    100%
Units:    5
Year Built:    1919
Floors:    3
Highlights:
  • 6,132 SF Fully Occupied Mixed-Use Opportunity
  • Fully Renovated in 2015
  • Prime location at VCU Campus
Description:

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.

Located 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, and with a view of the VCU Engineering Building.

Dominion Energy

Restaurant

Map:
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