111 E Grace St - Restaurant FOR SALE


Richmond, VA 23219
$840,000 USD
804-266-8831
111 E Grace St, Richmond, VA for Sale
$840,000 USD
Restaurant - FOR SALE
1/3
null | Request Cap Rate

111 E Grace St
Richmond, VA 23219


HIGHLIGHTS

  • Yelp Top 100 US Restaurant
  • Solid NNN lease in place
  • 1930's Art Deco design
  • Featured on the Food Network
  • One of Food & Wine's "America's Best Jewish Deli's"
  • 2,160 SF + 729 SF (basement)

OVERVIEW

One South Commercial is excited to offer the exclusive listing for 111 E. Grace Street in Downtown Richmond. This fabulous art deco building is home to the iconic Perly’s Delicatessen who has a NNN lease on the property. Located in the heart of the Grace Street Commercial Historic District, next door to Stella’s market, this property serves as a vibrant hub for both locals and visitors. This is a generational opportunity to own one of Richmond’s architectural and cultural landmarks. About Perly’s: Perly's is a beloved Jewish delicatessen known for its traditional deli fare and vintage diner ambiance. Established in 1961, this historic eatery offers a menu featuring a variety of Jewish and Eastern European dishes. The deli's nostalgic decor, friendly staff, and a menu that captures the essence of classic Jewish comfort food create a cozy and inviting atmosphere for locals and tourists alike. It has been featured on Diner’s, Drive-ins and Dives on the Food Network and is currently ranked as one of Yelp’s Top 100 Restaurants in the US.

FOR SALE DETAILS

PRICE

$840,000 USD

PRICE/SF

$389 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,239 SF

ZONING

B-4

APN/PARCEL ID

W000-0063-006

ASK ABOUT THIS PROPERTY

Chris CorradaOne South CommercialMore Info
804-266-8831

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Chris CorradaOne South CommercialMore Info
804-266-8831

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.