219 Grace St Richmond, VA 23219-1957
This exceptional commercial property, located at 219 Grace Street in Richmond, Virginia's vibrant Shockoe Bottom neighborhood, presents a unique investment opportunity. Currently configured as a six-unit group home, the property's flexible mixed-use zoning allows for a wide range of potential uses, catering to diverse business ventures. The building's existing layout offers immediate income potential, while the zoning flexibility opens doors to creative redevelopment and expansion. The strategic location within Shockoe Bottom ensures high visibility and accessibility, benefiting from the area's thriving atmosphere and foot traffic. This presents a rare chance to acquire a well-situated property with significant upside potential in a highly desirable Richmond location. The property is priced at $325,000, offering a compelling entry point into the Richmond commercial real estate market. Serious inquiries are encouraged to explore the full potential of this versatile property and its prime location. The property sits on a lot with zero acres. Further details regarding the square footage are available upon request. This is an excellent opportunity for investors seeking a strong return on investment in a dynamic and growing area. Don't miss this chance to secure a valuable asset in the heart of Richmond's historic Shockoe Bottom.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-4 CENTRAL BUSINESS · Richmond, VARichmond. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.