417 W Grace Street Richmond, VA $ 1,900,000
417 W Grace Street
$ 1,900,000
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417 W Grace Street

Richmond, VA, 23220
$ 1,900,000
Bedrooms-- Baths-- Sq 6,132

Monthly Estimate*

$ 11,699

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Commercial Property for sale in Richmond, VA

for $1,900,000. This 6,132 square foot building was built in 1919 on a lot size of 0.07.

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"

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Commercial Active

Price

$ 1,900,000

Property Type

Commercial

Taxes

$ 13,608

Style

Apartment Building,Restaurant/Bar

Lot Size

0.07

Year Built

1919

Town/City

Richmond

County/Region

Richmond City

MLS | Web ID

VARC2000690

Features
Interior
Heating Fuel Electric
Flooring Hardwood Luxury Vinyl Plank
Hot Water Multi-tank
Total Stories 3
Heating Y/N Y
Central Air Y/N Y
Total Restrooms 7
Entry Level 1
Number of Elevators 0
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General
Sewer Public Sewer
Heating Central
Cooling Central A/C
Possession Settlement
Roof Rubber
Zoning B4
Security Features Fire Detection System Monitored Smoke Detector Sprinkler System - Indoor
Construction Materials Brick Blown-In Insulation Copper Plumbing CPVC/PVC
Year Built 1919
Electric 3 Phases
View Street
Property Subtype Mixed Use
Tax Year 2025
Ownership Fee Simple
Cool Fuel Electric
Business Type Apartment Building Restaurant/Bar
Building Name NONE AVAILABLE
Accessibility 2+ Access Exits
County RICHMOND CITY
Net Operating Income 91991.00
Operating Expense 27113.00
New Construction N
Property Type Commercial Sale
Subdivision Name NONE AVAILABLE
Water Access Y/N N
Status ACTIVE
Directions I-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
City RICHMOND
Lot Size Units Square Feet
Lot Size Square Feet 2873.00
Tax Annual Amount 13608.0
Property Condition Very Good
Price Per Sq Ft Total AG 309.85
Acceptable Financing Cash Conventional Seller Financing
Historic Y/N N
Lease Considered Y/N N
Vacation Rental Y/N N
Location Type Downtown
Standard Status Active
Year Built Source Assessor
Total Actual Rent 91991.00
Cap Rate 4.45
Association Recreation Fee N
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Exterior
Water Source Public
Type of Parking On Street
Foundation Details Slab
Water View Y/N N
Building Area Total 6132.00
Lot Dimensions 18.00 x 155.00
Lot Size Acres 0.07
Road Surface Type Paved
Lot Size Source Assessor
Waterfront Y/N N
Soil Types Unknown
Road Responsibility City/County
Land Assessed Value 188000.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 417
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* Excluded Features
List By
Haas Realty Group

Broker

susiehaas2@gmail.com

Email

Affordability Calculator

$12,833
Per Month
91%
9%
0%
Monthly Principal & Interest
$11,699
Monthly Property Taxes
$1,134
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/11/2025$1,900,000 -9.52% Price Down
6/1/2025$2,100,000 Listed Price

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417 W Grace Street, Richmond, VA, 23220 is a Commercial Property for sale at $1,900,000 with 6,132 sqft and a lot size of 0.07. 417 W Grace Street was built in 1919. The property's zip code is 23220 which is in Richmond, VA