424 E Grace Street, Richmond, VA 23219

Property Description

This property offers a unique opportunity for a redevelopment into a mixed-use property with potential for commercial space with retail frontage on the first floor and apartments on the second floor. With a total of 7,320 square feet on the first and second floors and a finished basement level of an additional 3,660 square feet, the options for this property are endless. The property’s current finishes and desirable B-4 zoning allow for a number of stabilization strategies including multiple iterations of a full redevelopment as a mixed-use asset with a multifamily component– or an equally attractive property was previously in use as a retail bank location and as creative office and is potentially in “move-in ready” condition based on an owner occupant’s build-out needs. With a range of highly reputed restaurants and cafes just steps away, the location of 424 E Grace Street is a bustling area one block south of Richmond’s iconic Broad St. Enjoy the convenience of being on the doorstep of popular establishments like Lillie Pearl, Wong Gonzales, Secret Sandwich Society, Rappahannock, and Buttermilk & Honey.