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Arts District First Floor Retail/Office Space 304 E Grace St 2,150 SF of Office/Retail Space Available in Richmond, VA 23219
Highlights
- Located in Richmond’s Arts District near established restaurants, galleries, entertainment venues, and hospitality destinations.
- Adaptable layout suitable for a variety of retail, service, showroom, or office concepts.
- Positioned within a corridor that benefits from recurring cultural events, including Richmond’s First Fridays.
- Renovated commercial space offered in warm vanilla shell condition and ready for tenant improvements.
- Walkable to VCU, the Dominion Arts Center, The Jefferson Hotel, Quirk Hotel, and the Central Business District.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 1st Floor | 2,150 SF | Negotiable | $19.00 /SF/YR $1.58 /SF/MO $40,850 /YR $3,404 /MO | Triple Net (NNN) |
1st Floor, Ste 1st Floor
Available for lease, this 2,150 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.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Professional Services Office
- Mostly Open Floor Plan Layout
- Fits 6 - 18 People
- Space is in Excellent Condition
- Retail
- Creative office/coworking
- Art gallery/studio
- Entertainment
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at Arts District First Floor Retail/Office Space
- Tenant
- Description
- US Locations
- Reach
- Carmelo M. Sanchez III
- Services
- 1
- -
| Tenant | Description | US Locations | Reach |
| Carmelo M. Sanchez III | Services | 1 | - |
Property Facts
| Total Space Available | 2,150 SF | Gross Leasable Area | 9,412 SF |
| Property Type | Retail | Year Built | 1930 |
| Property Subtype | Storefront Retail/Office |
| Total Space Available | 2,150 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 9,412 SF |
| Year Built | 1930 |
About the Property
304 East Grace Street offers a renovated commercial opportunity in Richmond’s Arts District, one of the city’s most active downtown corridors. Positioned along East Grace Street and surrounded by established restaurants, galleries, entertainment venues, and hospitality destinations, the property benefits from a highly walkable environment that supports a variety of retail, service, and office users. Nearby destinations include the Dominion Arts Center, The Jefferson Hotel, Quirk Hotel, VCU academic facilities, VCU Health, the Central Business District, and multiple government offices, creating consistent activity throughout the area. The property features a warm vanilla shell condition ready for occupancy, allowing tenants to customize the space to meet their operational needs. Its adaptable layout supports a range of concepts while providing visibility within a corridor known for local retail, dining, and cultural attractions. Businesses can benefit from proximity to the Arts and Cultural District’s established customer base as well as recurring community events such as Richmond’s First Fridays. The location also provides convenient connectivity throughout the city. The Pulse Bus Rapid Transit system, nearby downtown streets, and access to surrounding neighborhoods support employee and customer accessibility. Combined with the property’s historic character, renovated commercial space, and central downtown position, 304 East Grace Street presents an opportunity for occupiers seeking a presence within one of Richmond’s most recognizable urban districts.
- Bus Line
Nearby Major Retailers
