• 903 W Grace St
  • 903 W Grace St
  • +31 images 903 W Grace St

903 W Grace St Listing Details & Market Data

903 W Grace St, Richmond, VA 23220

  • For Sale 1,060,000.00
  • Property Type Multi-Family
  • Property Size 5,550 SF
  • Units 4
  • Lot Size 0.1 Acre
  • # of Floors 3
  • Average Floor Size 1,833 SF
  • Parking Spaces Avail. 3
  • Parking Ratio 0.54 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Year Built 1920
  • Date Updated Nov 12, 2022
  • Website www.corelistingmachine.com

This is an AMAZING OPPORTUNITY to own a beautiful and historic easy income maker which is a MULTI-FAMILY with THRIVING RESTAURANT, MIXED USE COMMERCIAL building in the Heart of VCU. Beautiful architectural features adorn this stately All Brick space including hardwoods, wrought iron eaves and cornices, high ceilings, hand-crafted fireplace mantles, gorgeous balustrade, 12 ft glass doors, and a really cool vintage turn-of-the-century mailbox. A NEW ROOF (rubber, laid over with metal) and gutters were installed this past year as well as a NEW TANKLESS GAS WATER HEATER. There are currently 4 residential units that could be augmented and a Restaurant space with patio. 903 is in an Enterprise Zone and is historic tax credit eligible. Back and front gates are secured. Parking in back and on the street.

Available Historic Tax Credits, EASY to rent, successful and various Restaurant space over forty years, secure front and back gate, parking behind.

The restaurant has a 5 yr lease (4 yrs remaining); they pay $2650 a month and 60% of H2O bill. Unit 1 lease expires Oct. 2022, pays $900, efficiency/studio Unit 2 2nd fl, $900, efficiency/studio (can take the middle bedroom back and add SF Unit 3 2nd fl, in back,$1150.00, very large one bedroom Unit 4 3rd fl, $1100, two bedroom H2O not separated, gas/electric per unit. Owner includes utilities (rest pays 60% H2O). Mnth/Mnth leas

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Location

Getting Around

  • Walk Score ®

    Walker's Paradise (94)

  • Transit Score ®

    Good Transit (55)

  • Bike Score ®

    Very Bikeable (87)
Powered by Walk Score ®
  • City Richmond, VA
  • Neighborhood VCU
  • Zip Code 23220
  • Market Richmond Tidewater

Points of Interest

  • Richmond Main Street

    1.64 miles

  • AR Cab Service

    4.49 miles

  • Richmond Staples Mill Road

    5.31 miles

  • Kroger

    0.39 miles

  • Mobil

    0.48 miles

  • Citgo

    0.53 miles

  • BP

    0.79 miles

  • Exxon

    0.91 miles

  • Shell

    1.01 miles

  • Exxon

    1.28 miles

  • Exxon

    1.30 miles

  • 7-Eleven

    1.35 miles

  • Fleet Fueling

    1.38 miles

  • West Broad Street Parking Deck

    0.09 miles

  • Laurel & Grace Place

    0.11 miles

  • VCU - HB Lot

    0.14 miles

  • VCU - AR Lot

    0.15 miles

  • VCU - AR Extension Lot

    0.17 miles

  • VCU - QQ Lot

    0.21 miles

  • VCU - EE Lot

    0.22 miles

  • Broad and Belvidere Parking Deck

    0.23 miles

  • Bowe Street Parking Deck

    0.30 miles

  • VCU Henry Street Parking Deck - West

    0.30 miles

  • Spoon

    0.01 miles

  • Thai Top Ten

    0.03 miles

  • Panda Express

    0.03 miles

  • Good Taste Chinese Restaurant

    0.03 miles

  • Ipanema Cafe

    0.04 miles

  • Strange Matter

    0.07 miles

  • Bigs BBQ

    0.08 miles

  • Edo's Squid

    0.08 miles

  • Extreme Pizza

    0.09 miles

  • Stuffy's Subs

    0.09 miles

  • Virginia Commonwealth University

    0.10 miles

  • VCU Center for Cultural Experiences in Prevention

    0.14 miles

  • VCU Wellness Resource Center

    0.20 miles

  • VCU da Vinci Center for Innovation

    0.20 miles

  • George W Carver Elementary School

    0.38 miles

  • Binford Middle School

    0.57 miles

  • Spartan Academy

    0.59 miles

  • Adult Career Development Center

    0.59 miles

  • Maggie L. Walker Governor's School

    0.66 miles

  • Baker Public School

    0.77 miles

  • School of Andrew

    0.36 miles

  • Faison Center Early Education Center

    3.46 miles

  • KinderCare

    5.05 miles

  • Chamberlayne Baptist Preschool

    5.49 miles

  • Tuckaway Child Development Center

    5.55 miles

  • Kingdom Kidz Child Development Center

    5.74 miles

  • Antioch Learning Center

    5.74 miles

  • New Beginnings Family Daycare

    5.83 miles

  • Rainbow Station at Hanover Medical Park

    6.35 miles

  • The Learning Experience

    6.42 miles

Contacts

broker

rebecca d'angelo

Virginia Capital Realty

(804) 874-9709

Highlights

  • IN THE HEART OF VCU, RICHMOND VA

Attachments

Contact Listing Broker

broker

rebecca d'angelo

Virginia Capital Realty

(804) 874-9709