This rare offering centrally located in Richmondâ€™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 Cityâ€™s hotel district, this 0.31 acre corner parcel occupies prominent W Grace Street frontage just a few blocks away from the VCU campus, VCUâ€™s much anticipated ICA (Institute for Contemporary Art), and one block from public transit access via â€œThe Pulseâ€ (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 faÃ§ade and an 11,000 SF footprint, the propertyâ€™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 projectâ€”or to highlight the buildingâ€™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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