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Investment Highlights

  • Arts district gem
  • Leased apartments
  • Historic renovation
  • Renovated commercial

Executive Summary

Incredible opportunity to own an absolute gem in the heart of the Arts District. The upper floors contain five renovated apartments with beautiful hardwoods, abundant light and a small roof deck. The first floor commercial space was recently renovated and is ready for an end user or owner occupant.
The property is located within a block of some of Richmond’s favorite restaurants including Rappahannock, Perly’s and Juleps. The space is walkable to countless art galleries, the Dominion Arts Center, the Downtown Hilton and the Jefferson Hotel.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,412 SF
Building Class
C
Year Built/Renovated
1930/2021
Price
$1,500,000
Price Per SF
$159.37
Percent Leased
51%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
12’
Building FAR
3.52
Lot Size
0.06 AC
Zoning
B-4
Frontage
28’ on E Grace St

Amenities

  • Bus Line

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Fl
  • 2,600 SF
  • Office/Retail
  • -
  • Now

Available for lease, this 2,600 SF space is located in the heart of the Arts District, surrounded by Richmond’s beloved restaurants and retailers including the Rappahannock, Perly’s, Juleps and Vinyl Conflict. The space is walkable to countless art galleries, the Dominion Arts Center, the Downtown Hilton and the Jefferson Hotel. Its adaptable layout makes it ideal for a range of service or retail concepts. The location provides excellent visibility for any business looking to capitalize on Downtown’s resurgence. A retail user can capitalize on the thriving restaurant and art scene including the very popular First Fridays. An office user can enjoy being in the heart of Richmond’s most sought-after commercial corridors with all the walkability and vibrancy that comes with it.

Space Size Space Use Position Available
1st Fl 2,600 SF Office/Retail - Now

1st Fl

Size
2,600 SF
Space Use
Office/Retail
Position
-
Available
Now

1st Fl

Size 2,600 SF
Space Use Office/Retail
Position -
Available Now

Available for lease, this 2,600 SF space is located in the heart of the Arts District, surrounded by Richmond’s beloved restaurants and retailers including the Rappahannock, Perly’s, Juleps and Vinyl Conflict. The space is walkable to countless art galleries, the Dominion Arts Center, the Downtown Hilton and the Jefferson Hotel. Its adaptable layout makes it ideal for a range of service or retail concepts. The location provides excellent visibility for any business looking to capitalize on Downtown’s resurgence. A retail user can capitalize on the thriving restaurant and art scene including the very popular First Fridays. An office user can enjoy being in the heart of Richmond’s most sought-after commercial corridors with all the walkability and vibrancy that comes with it.

Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
60/100

Nearby Major Retailers

Peoples Bancorp, Inc.
Chili's Grill & Bar
Starbucks
Virginia Credit Union
Steak ‘n Shake
Saxbys Coffee
Lidl
The Little Gym
Five Guys
Chopt

Property Taxes

Property Taxes

Parcel Number
W000-0036-018
Land Assessment
$164,000
Improvements Assessment
$986,000
Total Assessment
$1,150,000
  • Listing ID: 41335274

  • Date on Market: 7/17/2026

  • Last Updated:

  • Address: 304 E Grace St, Richmond, VA 23219

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