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Property profile

518-B Grace St Richmond, VA 23220

OFF-MARKET
Retail properties & Spaces
1,120 SF
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Property summary

AI-generated overview

This exceptional 1,120-square-foot retail space is ideally situated in Richmond, Virginia's vibrant downtown core, at 518-B West Grace Street, at the corner of West Grace Street and North Belvidere Street. Its B-4 zoning allows for a variety of commercial uses. The property is a single-tenant space, currently vacant and ready for immediate occupancy. The storefront boasts a large, open floor plan perfect for showcasing merchandise or creating a welcoming atmosphere for customers. Adding to its functionality is a lower-level storage area, providing ample space for inventory or supplies. A private restroom is also included for the convenience of staff and customers. The location offers exceptional walkability, benefiting from its proximity to Virginia Commonwealth University's campus and the bustling Arts District, ensuring high foot traffic and visibility. This property presents a unique opportunity for businesses seeking a prominent location in a thriving urban environment. The address is 518-B West Grace Street, Richmond, VA 23220. The entire 1,120 square feet is currently vacant.

Property profile

Verified
Property type Retail properties & Spaces
Total area 1,120 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

518-B Grace St Richmond, VA 23220
Richmond metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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