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Renovated Mixed-Use Property
For Sale
$1,650,000
Pending

417 W Grace Street, Richmond, VA 23220

CommercialSale, Richmond, VA

Property SizeContact for details
Lot Size0.07 Acres
Days on Market465

Property Features for 417 W Grace Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning description B4
Accessibility Accessible Approach with Ramp
Lot features Level
Subdivision 10 - Richmond
Standard status Pending
APN W000-0214-004
Lot size 0.07 Acres

Taxes and HOA fees

Tax Description 0018.54X0155.00 0000.000
Legal Description 0018.54X0155.00 0000.000

Utilities

Sewer type Public Sewer
Heating system Heat Pump (Heating)
Cooling system Central Air
Water source Public

Amenities

large windows
tall ceilings
exposed brick
hardwood floors
granite countertops
stainless-steel appliances
in-unit washer/dryer

Building Details

Year built 2015
Floors in Building 3
Building materials Brick
Roof type Rubber
Listing Agency: HAAS Realty Group
Listed By: Susan Haas · License #0225083094
Added: May 23, 2025 Changed: Aug 19 Last Checked: Aug 30 at 6:06PM
MLS# 2514699

Copyright © 2026 Central Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Renovated in 2015, this brick mixed-use building combines residential accommodations with a commercial restaurant area. The residential spaces include large windows, tall ceilings, exposed brick, hardwood flooring, granite kitchen countertops, stainless-steel appliances, and in-unit washers and dryers. Central air conditioning and heat-pump heating serve the property, with public water and sewer connections.

The restaurant area is equipped with a 15' stainless hood, exhaust system, gas stove, walk-in refrigerator, grease trap, and sprinkler system. Its lease is structured as NNN with 3 years remaining. The 0.07-acre property is located at 417 W Grace Street in Richmond, near Virginia Commonwealth University, shops, restaurants, and mass transit, with a pedestrian-oriented setting and access to campus within walking distance.

Key Highlights

  • Mixed‑use property at 417 W Grace Street in Richmond, VA 23220
  • Renovated in 2015 with brick construction
  • 0.07‑acre site near Virginia Commonwealth University

Property Analytics

Current Use

NuVegan Cafe Restaurant

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Plumbing Service Veterinary Clinic Pet Grooming Service Carpet & Flooring Store Nursing Home

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
Yes
Commercial hood
Yes
Grease trap

Location Intelligence

Trade Area within ½ mile

3,563
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Includes a leased restaurant area and residential spaces near campus.
Where is this mixed-use property located?
The property is located at 417 W Grace Street Richmond, VA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Mixed‑use property at 417 W Grace Street in Richmond, VA 23220; Renovated in 2015 with brick construction; 0.07‑acre site near Virginia Commonwealth University
More about this property
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