424 E Grace St Richmond, VA 23219

Located at 424 E Grace Street in Richmond, VA, this historical building dates back to 1928. The property, spanning nearly 11,000 square feet, is situated on a corner lot. A ten-year NNN lease covers the first floor and basement, presenting an investment opportunity for investors and owner-occupants. The second floor is fully outfitted and accessible, suitable for a new office tenant. The existing finishes and B-4 zoning allow for maximizing returns, including redevelopment possibilities. The property is ready for immediate occupancy by an owner-user, requiring minimal build-out. The location is suitable for retail or office purposes. Situated one block south of Richmond’s Broad St, the location is near restaurants and cafes such as Lillie Pearl, Wong Gonzales, Secret Sandwich Society, Rappahannock, and Buttermilk & Honey. It is also within walking distance of performing arts centers such as The National and Dominion Energy Center. East Grace Street has experienced new development, transforming the area into a vibrant neighborhood. The property is located at the corner of N 5th St and E Grace St, offering high visibility with a stately architectural profile and glass line. The street is considered walkable, with amenities within easy reach.