2603 W Grace St, Richmond, VA 23220 2603 W Grace St 1,518 SF 100% Leased Flex Building Richmond, VA 23220 $600,000 ($395.26/SF)
INVESTMENT 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.
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
AMENITIES
- Air Conditioning
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating
1 of 1
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (85)
PROPERTY TAXES
| Parcel Number | W000-1169-012 | Improvements Assessment | $199,000 |
| Land Assessment | $315,000 | Total Assessment | $514,000 |
ZONING
| Zoning Code | R-48 (Residential) |
