424 E Grace St Richmond, VA 23219
For Lease
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This exceptional 3,660 square foot, move-in ready office space is located on the second floor of a historic, two-story building in Richmond's vibrant Arts District/Monroe Ward. The building, situated at the corner of East Grace and 5th Streets, boasts prominent architectural details and an abundance of natural light thanks to its impressive glass line. Recently renovated, this former SunTrust banking location offers a flexible, dynamic floor plan ideal for a variety of uses, from architectural firms to art galleries or non-profits. The space includes 8-9 large private offices surrounding a spacious open collaborative area. Its prime location provides easy access to popular destinations such as The National, Dominion Energy Center, and the Convention Center, as well as numerous acclaimed restaurants. The property features convenient proximity to interstates, parking garages, and public transportation. The building sits on a 0.08-acre lot and was constructed in 1928. The entire building encompasses 10,980 square feet, with a single suite currently available. The zoning is B-4. The property's APN is W0000025015. This is a unique opportunity to secure a highly visible and functional office space in the heart of Richmond's thriving downtown area. The minimum divisible space is 3,660 square feet, and the maximum contiguous space available is also 3,660 square feet.
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Richmond Generator Systems Hardware & Home Improvement Building Supply
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, VACosts & 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.