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Grove Avenue Mixed-Use Property
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The Grove at Libbie & Grove 5806 & 5808 Grove Avenue & 304 Libbie Avenue, Richmond, VA 23226

Retail and office spaces feature avenue frontage and a recently replaced roof.

Property Size9,618 SF
Days on Market145

Property Features for The Grove at Libbie & Grove 5806 & 5808 Grove Avenue & 304 Libbie Avenue

General Information

Standard status Active
Size 9,618 SF
Property subtype Retail, Office
Occupancy 100%

Building Details

Tenancy Multi
Listing Agency: One South Commercial
Listed By: Ryan Rilee · License #VA 0225187102
Source: Crexi
Added: Apr 10 Changed: Aug 31 Last Checked: Aug 29 at 9:10PM

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 One South Commercial

Investment Insights

Based on property information with market context.

The Grove at Libbie and Grove is a mixed-use property comprising retail and office spaces across 5806 and 5808 Grove Avenue and 304 Libbie Avenue. The building includes four identified spaces, with suites ranging from 1,200 to 4,868 square feet. Existing occupants and businesses include Alton Lane, The UPS Store #6438, Boyer’s Ice Cream, and Shaheen, Ruth, Martin & Fonville Real Estate. The property’s roof was recently replaced, and the source information describes building systems as being in good working order.

The property fronts both Grove Avenue and Libbie Avenue in Richmond, Virginia. Space 1 contains 2,350 square feet, Space 2 contains 1,200 square feet, Space 3 contains 1,200 square feet, and Space 4 includes 4,868 square feet for the real estate firm plus 1,200 square feet associated with Boyer’s Ice Cream. Lease expiration dates and renewal options are identified for several spaces, including a 5-year renewal option for Space 4.

Key Highlights

  • Mixed‑use property spanning 5806 and 5808 Grove Avenue and 304 Libbie Avenue
  • Frontage on both Grove Avenue and Libbie Avenue
  • Four identified spaces ranging from 1,200 to 4,868 square feet

Property Analytics

Current Use

Alton Lane Clothing & Fashion Store

Suggested Use

Top Pick Building Supply HVAC Service Auto Repair Shop Parking Lot & Garage Restaurant Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

853
Businesses Nearby

Demographics for 23226, VA

16,955
Population
7,827
Households
2.2
Avg Household Size
38
Median Age
75%
College-Educated
95%
High-School Grad
5.6 sq mi
ZIP Area
3,028
Density / Sq Mi
$126,554
Median Household Income
$70,786
Median Earnings
$1,725
Median Rent
$496,300
Median Home Value

Market

Vacancy Rate% for Office in Richmond, VA

5.7% 2019
7.2% 2020
7% 2021
8.2% 2022
8.4% 2023
12.1% 2024
11.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Retail and office spaces feature avenue frontage and a recently replaced roof.
Where is this mixed-use property located?
The property is located at The Grove at Libbie & Grove 5806 & 5808 Grove Avenue & 304 Libbie Avenue Richmond, VA.
What are key features of this property?
This property features: Mixed‑use property spanning 5806 and 5808 Grove Avenue and 304 Libbie Avenue; Frontage on both Grove Avenue and Libbie Avenue; Four identified spaces ranging from 1,200 to 4,868 square feet
(804) 266-8831 Call to check price and availability
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