424 E Grace Street Richmond, VA 23219
Prime investment opportunity in a vibrant, walkable Richmond neighborhood.
Type:Commercial/Industrial
Property size:
11,000 SF- Added:
- Mar 11, 2026
- Days on Market:
- 22
- Last Refresh:
- Mar 26 at 8:47 pm
Property Features for 424 E Grace Street
General Information
- Standard status
- Active
- Size
- 11,000 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1928
Listing agent Justin Sledd License #0225191850
Listing office One South Commercial LLC (804) 266-8831
Listing date Mar 11, 2026
Source Exitrealty
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 LLC
Overview
Historical Building on Grace Street
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.
Location Intelligence
Current Use by Public Records
The Healthcare Fraud Group ...
Law Firm
Richmond Generator Systems
Hardware & Home Improvement
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Richmond City
- State
- Virginia
- Longitude
- -77.4383
- Latitude
- 37.5423
Nearby Similar for Sale
FAQs
What type of property is this?
NNN property - Prime investment opportunity in a vibrant, walkable Richmond neighborhood.
Where is this nnn property located?
The property is located at 424 E Grace Street Richmond, VA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Lucrative 10‑year NNN lease in place for the first floor and basement, providing immediate and stable income.; Prime location on a corner lot in a vibrant, walkable area of Richmond, one block south of Broad St.; Fully outfitted and easily accessible second floor ready for a new office tenant.
