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    219 Grace St Richmond, VA 23219

    Sponsored
    For Sale
    $325,000

    Six-unit building, flexible zoning

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional commercial property, located at 219 Grace Street in Richmond, Virginia's vibrant Shockoe Bottom neighborhood, presents a unique investment opportunity. Currently configured as a six-unit group home, the property's flexible mixed-use zoning allows for a wide range of potential uses, catering to diverse business ventures. The building's existing layout offers immediate income potential, while the zoning flexibility opens doors to creative redevelopment and expansion. The strategic location within Shockoe Bottom ensures high visibility and accessibility, benefiting from the area's thriving atmosphere and foot traffic. This presents a rare chance to acquire a well-situated property with significant upside potential in a highly desirable Richmond location. The property is priced at $325,000, offering a compelling entry point into the Richmond commercial real estate market. Serious inquiries are encouraged to explore the full potential of this versatile property and its prime location. The property sits on a lot with zero acres. Further details regarding the square footage are available upon request. This is an excellent opportunity for investors seeking a strong return on investment in a dynamic and growing area. Don't miss this chance to secure a valuable asset in the heart of Richmond's historic Shockoe Bottom.

    Property Features for 219 Grace St

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1915
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Spa & Massage Restaurant Hair Salon Dental Office Nail Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.44044
    Latitude
    37.54313

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    FAQs

    What type of property is this?
    Commercial real estate - Six-unit building, flexible zoning
    Where is this commercial real estate located?
    The property is located at 219 Grace St Richmond, VA.
    What is the asking price?
    The asking price for this property is $325,000.
    (804) 852-3740
    Request Owner's contact information
    219 Grace St Richmond, VA 23219
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    Richmond, VA 23219
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    219 Grace St Richmond, VA 23219
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