111 Grace StRichmond, VA 23219

Property Details for 111 Grace St

Year built

1930

Construction

TYPE NOT SPECIFIED

Lot size

0.10 AC

Property size (Sq ft)

2,160 SF

Zone code

B-4 CENTRAL BUSINESS

Property type

Retail properties

Property subtype

Turn key restaurants

APN

W-000-0063-006

APU

W0000063006

Description

This exceptional investment opportunity presents a 2,160 square foot, single-tenant retail property located at 111 E Grace St, Richmond, VA 23219. The property, built in 1930 and boasting a charming Art Deco design, sits on a 0.097-acre lot and is zoned B-4. Currently occupied at 100% capacity by a renowned delicatessen, the property benefits from a strong Net Net Net (NNN) lease extending until December 31, 2029. The tenant, a celebrated establishment featured on the Food Network and ranked among Yelp's Top 100 US restaurants, enjoys a prime location in Richmond's vibrant Grace Street Commercial Historic District, ensuring consistent high foot traffic. This landmark property offers a unique blend of historical significance, strong financial performance, and significant future growth potential. The asking price is $840,000. The property consists of one, single-story building. The APN is W0000063006. This is a rare chance to acquire a piece of Richmond's culinary history and secure a stable, high-return investment.

Location Insight

City

Richmond

County

Richmond City

State

Virginia

Latitude

37.5437

Longitude

-77.4416

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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