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Property profile & analytics
OFF-MARKET
Investment properties

219 Grace St Richmond, VA 23219-1957

2,923 SF 0.04 ac lot Built 1915
Entity Owned Free & Clear
Property ID
US87-3636468
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1915
Construction TYPE NOT SPECIFIED
Total area 2,923 SF
Lot 0.04 ac (1,767 SF)
Zoning code B-4 CENTRAL BUSINESS
APN W-000-0048-009
UPID US87-3636468
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
219 E Grace St LLC
219 E Grace St LLC
since 2025
7 recorded transactions
2025
Price N/A
2025
$315,000
2016
Price N/A
2016
Price N/A
2008
$219,000
2003
$248,000
1969
Price N/A
Zoning & alternative use
B-4 CENTRAL BUSINESS · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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