111 Grace St Richmond, VA 23219-1741
- Turn key restaurants
- 2,160 SF
- 0.10 lot acres
Mar 21, 2025
Current Use by Public Records
- Perly's / Jewish Restaurant / Breakfast Restaurant
Property Details for 111 Grace St
- Year built
- 1930
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.10 lot acres
- Property size
- 2,160 SF
- Zone code
- B-4 CENTRAL BUSINESS
- Property type
- 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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Richmond City
- State
- Virginia
- Longitude
- -77.4416
- Latitude
- 37.5437
- CBSA code
- 40060
- CBSA name
- RICHMOND, VA METROPOLITAN STATISTICAL AREA
