Mixed-Use Property in The
For Sale
$599,950
2603 W Grace St, Richmond, VA 23220
Mixed-use building with apartments and office space in Richmond.
Property Size1,518 SF
Price / SF$789.41
Days on Market140
Property Features for 2603 W Grace St
General Information
Standard status
Active
Size
1,518 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$6,168
Building Details
Building Size
1,518 SF
Year Built
1958
Stories
1
Units
3
Listing Agency:
ERA Woody Hogg and Asociates
Listed By:
Bryan Boykin · License #0225099053
(804) 467-8637
Source:
Elliman
Added: Apr 24
Changed: Sep 8
Last Checked: Sep 10 at 9:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ERA Woody Hogg and Asociates
Investment Insights
Based on property information with market context.
This mixed-use property, zoned R-48, is located near the intersection of Boulevard and Broad St. It features two efficiency apartments, each approximately 380 sqft. One apartment generates a monthly rental income of $1,050, and the other generates $1,100 per month. There is also a business office space, formerly a dentist office, spanning around 760 sqft. The office space consists of six rooms and 2 half bathrooms. The office space has the potential for conversion into a third apartment or another business. A rear parking lot accommodates 6 vehicles. The bike score is 65, making it bikeable. The walk score is 71, indicating it is very walkable. The transit score is 40, suggesting some transit options are available.
Key Highlights
- Prime mixed‑use property in the Fan district, zoned R‑48.
- Current rental income from two efficiency apartments ($1,050 and $1,100 monthly).
- Versatile 760 sqft business office space (former dentist office) with conversion potential.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,489
Businesses Nearby
Explore this area
Business Placement
Demographics for 23220, VA
36,942
Population
16,561
Households
2.2
Avg Household Size
27
Median Age
59%
College-Educated
94%
High-School Grad
4.8 sq mi
ZIP Area
7,696
Density / Sq Mi
$56,681
Median Household Income
$33,249
Median Earnings
$1,354
Median Rent
$468,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with apartments and office space in Richmond.
Where is this mixed-use property located?
The property is located at 2603 W Grace St Richmond, VA.
What is the asking price?
The asking price for this property is $599,950.
What are key features of this property?
This property features: Prime mixed‑use property in the Fan district, zoned R‑48.; Current rental income from two efficiency apartments ($1,050 and $1,100 monthly).; Versatile 760 sqft business office space (former dentist office) with conversion potential.
