Property

Richmond, VA 23220 417 W Grace Street

$2,100,000

417 W Grace Street Richmond, VA - Image 1417 W Grace Street Richmond, VA - Image 2417 W Grace Street Richmond, VA - Image 3
62 more
417 W Grace Street Richmond, VA - Image 4417 W Grace Street Richmond, VA - Image 5417 W Grace Street Richmond, VA - Image 6417 W Grace Street Richmond, VA - Image 7417 W Grace Street Richmond, VA - Image 8417 W Grace Street Richmond, VA - Image 9417 W Grace Street Richmond, VA - Image 10417 W Grace Street Richmond, VA - Image 11417 W Grace Street Richmond, VA - Image 12417 W Grace Street Richmond, VA - Image 13417 W Grace Street Richmond, VA - Image 14417 W Grace Street Richmond, VA - Image 15417 W Grace Street Richmond, VA - Image 16417 W Grace Street Richmond, VA - Image 17417 W Grace Street Richmond, VA - Image 18417 W Grace Street Richmond, VA - Image 19417 W Grace Street Richmond, VA - Image 20417 W Grace Street Richmond, VA - Image 21417 W Grace Street Richmond, VA - Image 22417 W Grace Street Richmond, VA - Image 23417 W Grace Street Richmond, VA - Image 24417 W Grace Street Richmond, VA - Image 25417 W Grace Street Richmond, VA - Image 26417 W Grace Street Richmond, VA - Image 27417 W Grace Street Richmond, VA - Image 28417 W Grace Street Richmond, VA - Image 29417 W Grace Street Richmond, VA - Image 30417 W Grace Street Richmond, VA - Image 31417 W Grace Street Richmond, VA - Image 32417 W Grace Street Richmond, VA - Image 33417 W Grace Street Richmond, VA - Image 34417 W Grace Street Richmond, VA - Image 35417 W Grace Street Richmond, VA - Image 36417 W Grace Street Richmond, VA - Image 37417 W Grace Street Richmond, VA - Image 38417 W Grace Street Richmond, VA - Image 39417 W Grace Street Richmond, VA - Image 40417 W Grace Street Richmond, VA - Image 41417 W Grace Street Richmond, VA - Image 42417 W Grace Street Richmond, VA - Image 43417 W Grace Street Richmond, VA - Image 44417 W Grace Street Richmond, VA - Image 45417 W Grace Street Richmond, VA - Image 46417 W Grace Street Richmond, VA - Image 47417 W Grace Street Richmond, VA - Image 48417 W Grace Street Richmond, VA - Image 49417 W Grace Street Richmond, VA - Image 50417 W Grace Street Richmond, VA - Image 51417 W Grace Street Richmond, VA - Image 52417 W Grace Street Richmond, VA - Image 53417 W Grace Street Richmond, VA - Image 54417 W Grace Street Richmond, VA - Image 55417 W Grace Street Richmond, VA - Image 56417 W Grace Street Richmond, VA - Image 57417 W Grace Street Richmond, VA - Image 58417 W Grace Street Richmond, VA - Image 59417 W Grace Street Richmond, VA - Image 60417 W Grace Street Richmond, VA - Image 61417 W Grace Street Richmond, VA - Image 62417 W Grace Street Richmond, VA - Image 63417 W Grace Street Richmond, VA - Image 64417 W Grace Street Richmond, VA - Image 65417 W Grace Street Richmond, VA - Image 66
Presented By: Haas Realty Group
  • MLS# VARC2000690
  • 05/31/2025
  • Get pre-approved
  • Request Tour
  • Request Info
Disclaimer: The information contained in this listing has not been verified by Jhony Leyva | Your Local REALTOR® and should be verified by the buyer.
  • SQFT • 6,132

Home Details

Haas Realty Group is pleased to offer 417 W. Grace St, 5-Unit Mixed-Use Investment Opportunity, positioned at VCU's most prominent and innovative hub, and centrally located in a vibrant, pedestrian-oriented location, walking distance to campus, shops, restaurants and mass transit. The building was completely renovated in 2015, blending historic charm with modern upgrades, making for comfortable and durable living spaces, that feature large windows, tall ceilings, granite countertops, stainless-steel appliances, exposed brick and beautiful hardwood floors throughout. There is opportunity to add value and increase rental income, as this location continues to grow. The commercial restaurant space is in excellent condition and equipped with a 15' stainless hood, exhaust system, gas stove, large walk-in refrigerator, grease trap, and sprinkler system. The restaurant lease has 4 years remaining and the property is sold 'As Is"
Presented By: Haas Realty Group

Interior Features for 417 W Grace Street

Bathrooms

Total Restrooms7

Other Interior Features

Central Air Y/NYes
FlooringHardwood, Luxury Vinyl Plank
Heating FuelElectric
Heating Y/NYes
Hot WaterMulti-tank
Number of Elevators
Total Stories3

Other Rooms

Entry Level1

General for 417 W Grace Street

Acceptable FinancingCash, Conventional, Seller Financing
Accessibility2+ Access Exits
Association Recreation FeeN
Building NameNONE AVAILABLE
Business TypeApartment Building, Restaurant/Bar
Cap Rate4.45
CityRICHMOND
Construction MaterialsBrick, Blown-In Insulation, Copper Plumbing, CPVC/PVC
Cool FuelElectric
CoolingCentral A/C
CountyRICHMOND CITY
DirectionsI-95 South to I-64 East, Take Belvidere St exit towards VCU. Take a left on W Clay Sy, right on Brook Rd, straight to cross Broad St, take 1st right onto W. Grace St. to property on left - facing Henry S
Electric3 Phases
HeatingCentral
Historic Y/NNo
Lease Considered Y/NNo
Location TypeDowntown
Lot Size Square Feet2873.00
Lot Size UnitsSquare Feet
ModificationTimestamp2025-06-16T14:46:26
Net Operating Income91991.00
New ConstructionNo
Operating Expense27113.00
OwnerPaysCommon Area Maintenance, Insurance, Management, Pest Control, Repairs, Sewer, Taxes - Real Estate, Trash Collection, Water
OwnershipFee Simple
PossessionSettlement
Price Per Sq Ft Total AG342.47
Property ConditionVery Good
Property SubtypeMixed Use
Property TypeCommercial Sale
Property UseInvestment
RoofRubber
Security FeaturesFire Detection System, Monitored, Smoke Detector, Sprinkler System - Indoor
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Subdivision NameNONE AVAILABLE
Tax Annual Amount13608.0
Tax Assessed Value1134000.0
Tax Year2025
Total Actual Rent91991.00
TransportationBus Stop less than 1 mile, Airport less than 10 miles, Commuter Lots less than 5 miles, Commuter Rail Station less than 1 mile
Vacation Rental Y/NNo
ViewStreet
Water Access Y/NNo
Year Built1919
Year Built SourceAssessor
ZoningB4

Exterior for 417 W Grace Street

Building Area Total6132.00
Car Parking Spaces
Fencing Y/NN
Foundation DetailsSlab
Land Assessed Value188000.00
Land Use Code132
Lot Dimensions18.00 x 155.00
Lot Size Acres0.07
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Road ResponsibilityCity/County
Road Surface TypePaved
Soil TypesUnknown
Total Loading Docks0
Total Parking Spaces0
Traffic Count20000-29999
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Jhony Leyva

Realtor
Price $2,100,000
MLS#VARC2000690
List Date 05/31/2025
Property Type Commercial
Phone 571.247.7543
Get pre-approved
Request Tour
Request Info
Visit My Website

Similar Properties to 417 W Grace Street

Ask A Question

YOUR VISION. MY MISSION. A PERFECT HOME

Email

homes@jhonyleyva.com

Phone

571.247.7543

Office

1440 Central Park Blvd Suite 210, Fredericksburg, VA 22401

All information is deemed reliable but not guaranteed and should be independently reviewed and verified.

Do you need some help?

I’m here to assist you every step of the way. Let’s make this process simple and stress-free!