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Mixed Use Duplex in the Arts District 302 E Grace St 6,760 SF Retail Building Richmond, VA 23219 $950,000 ($140.53/SF)
Investment Highlights
- Arts district gem
- Huge apartment
- Outdoor yard area
- Beautiful historic renovation
- Leased commercial tenant with upside
- 2 units - 1 apartment + 1 commercial space
Executive Summary
Incredible opportunity to own an absolute gem in the heart of the Arts District. The 2nd floor contains one huge two-bedroom two-bathroom apartment with soaring ceilings, exposed brick and abundant light. The first floor commercial space is occupied by several salon suites giving the purchaser instant income and the ability to re-tenant to a higher and better use in the future. The property would make an amazing live-work opportunity. The property is located within a block of some of Richmond’s favorite restaurants including Rappahannock, Perly’s and Juleps.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,760 SF
Building Class
C
Year Built/Renovated
1929/2015
Price
$950,000
Price Per SF
$140.53
Tenancy
Single
Building Height
3 Stories
Slab To Slab
11’
Building FAR
2.18
Lot Size
0.07 AC
Zoning
B-4
Frontage
Amenities
- Bus Line
- Courtyard
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | W000-0036-019 | Improvements Assessment | $662,000 |
| Land Assessment | $196,000 | Total Assessment | $858,000 |
Property Taxes
Parcel Number
W000-0036-019
Land Assessment
$196,000
Improvements Assessment
$662,000
Total Assessment
$858,000
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Mixed Use Duplex in the Arts District | 302 E Grace St
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