Description
This property offers a unique opportunity for a redevelopment into a mixed-use property with potential for commercial space with retail frontage on the first floor and apartments on the second floor. With a total of 7,320 square feet on the first and second floors and a finished basement level of an additional 3,660 square feet, the options for this property are endless. The propertys current finishes and desirable B-4 zoning allow for a number of stabilization strategies including multiple iterations of a full redevelopment as a mixed-use asset with a multifamily component or an equally attractive property was previously in use as a retail bank location and as creative office and is potentially in "move-in ready condition based on an owner occupants build-out needs. With a range of highly reputed restaurants and cafes just steps away, the location of 424 E Grace Street is a bustling area one block south of Richmonds iconic Broad St. Enjoy the convenience of being on the doorstep of popular establishments like Lillie Pearl, Wong Gonzales, Secret Sandwich Society, Rappahannock, and Buttermilk & Honey.
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0BEDS
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N/AACRES
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01/2 BATHS
School Ratings & Info
Description
This property offers a unique opportunity for a redevelopment into a mixed-use property with potential for commercial space with retail frontage on the first floor and apartments on the second floor. With a total of 7,320 square feet on the first and second floors and a finished basement level of an additional 3,660 square feet, the options for this property are endless. The propertys current finishes and desirable B-4 zoning allow for a number of stabilization strategies including multiple iterations of a full redevelopment as a mixed-use asset with a multifamily component or an equally attractive property was previously in use as a retail bank location and as creative office and is potentially in "move-in ready condition based on an owner occupants build-out needs. With a range of highly reputed restaurants and cafes just steps away, the location of 424 E Grace Street is a bustling area one block south of Richmonds iconic Broad St. Enjoy the convenience of being on the doorstep of popular establishments like Lillie Pearl, Wong Gonzales, Secret Sandwich Society, Rappahannock, and Buttermilk & Honey.
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Listing provided by One South Realty Group, Llc: 804-353-0009. Listing information © 2023 CVRMLS and CBRAR.