Multi-Family 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 Restaurant
- Fully Occupied
- Part Seller-Financing Available
Description:
BACK ON THE MARKET 5-Unit Investment Opportunity at VCU's newest, most innovative center now under construction, centrally located in a vibrant, pedestrian-oriented location, walking distance to campus, shops, restaurants and mass transit. The building interior was fully built out in 2015, with 1st floor restaurant and 4 apartments on the 2nd and 3rd levels, 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. 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 2.5 years remaining and the property is sold 'As Is"
Located just off I-64 apr 300 feet to the new VCU Arts & Innovation Center and VCU campus, in a vibrant, pedestrian-oriented location, within walking distance to VCU Campus 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
Documents:
| Title | ||
|---|---|---|
| Brochure (P) | ||
| Altieri-VCU-Arts-and-Innovation-Academic-Building (1).pdf |
Location
Gallery
