This rare offering centrally located in Richmond’s flourishing Arts District offers an incredible redevelopment opportunity for a landmark multifamily, creative office/retail, or a mixed use project. With exceptional proximity to neighborhood amenities and a truly walkable neighborhood location in the City’s hotel district, this 0.31 acre corner parcel occupies prominent W Grace Street frontage just a few blocks away from the VCU campus, VCU’s much anticipated ICA (Institute for Contemporary Art), and one block from public transit access via “The Pulse” (BRT) on Broad St, Quirk Hotel, Jefferson Hotel, and a growing collection of highly reputed restaurants, breweries, and upscale retail boutiques along the Broad and Grace corridors. Featuring an existing 3-story 38,000 SF building with a beautiful original Mission style façade and an 11,000 SF footprint, the property’s flexible B-4 zoning allows for a variety of new development scenarios which include the ability to capitalize on the basis of the site with a 12- story apartment project—or to highlight the building’s historicity through a unique mixed use project leveraging federal and state historic tax credits.
Listing courtesy of One South Realty Group, LLC.
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