2603 W Grace St - Flex FOR SALE


Richmond, VA 23220- The Fan
$600,000 USD
804-467-8637
2603 W Grace St, Richmond, VA for Sale
$600,000 USD
Flex - FOR SALE
1/4
null | Request Cap Rate

2603 W Grace St
Richmond, VA 23220
The Fan


HIGHLIGHTS

  • Office Space upfront with 2 one bedroom apartments in the back.
  • Parking lot in the back is part of this property. About 6 parking spaces.

OVERVIEW

Mixed use property in the Fan! Discover an exceptional investment opportunity with this mixed-use building zoned R-48, ideally located near the bustling intersection of Boulevard and Broad St. This property features two cozy efficiency apartments, each approximately 380 sqft and currently generating monthly rental income of $1,050 and $1,100. In addition, there is a versatile business office space, formerly a dentist office, spanning around 760 sqft. This area, which consists of six rooms and a half bathroom, offers the potential for conversion into a third apartment, maximizing your rental income. With a convenient rear parking lot accommodating 4-5 vehicles, accessibility is a breeze for both tenants and clients. Don’t miss out on this prime property that combines residential and commercial potential in a sought-after location! 24 hour notice required to show.

FOR SALE DETAILS

PRICE

$600,000 USD

PRICE/SF

$395 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

2603 W Grace St, Richmond, VA 23220

PROPERTY TYPE

Flex

ADD'L SUBTYPES

R&D, Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11

LAND SF

4,922

ZONING

R-48

APN/PARCEL ID

W000-1169-012

ASK ABOUT THIS PROPERTY

Bryan BoykinERA Woody Hogg & AssociatesMore Info
804-467-8637

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Bryan BoykinERA Woody Hogg & AssociatesMore Info
804-467-8637

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