For Sale
$840,000

111 Grace St Richmond, VA 23219

Iconic Deli, NNN Lease, High-Traffic Location

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a 2,160 square foot, single-tenant retail property located at 111 E Grace St, Richmond, VA 23219. The property, built in 1930 and boasting a charming Art Deco design, sits on a 0.097-acre lot and is zoned B-4. Currently occupied at 100% capacity by a renowned delicatessen, the property benefits from a strong Net Net Net (NNN) lease extending until December 31, 2029. The tenant, a celebrated establishment featured on the Food Network and ranked among Yelp's Top 100 US restaurants, enjoys a prime location in Richmond's vibrant Grace Street Commercial Historic District, ensuring consistent high foot traffic. This landmark property offers a unique blend of historical significance, strong financial performance, and significant future growth potential. The asking price is $840,000. The property consists of one, single-story building. The APN is W0000063006. This is a rare chance to acquire a piece of Richmond's culinary history and secure a stable, high-return investment.

Highlights

  • $840,000 asking price for a 2,160 SF retail property.
  • NNN lease in place, single tenant occupancy, expiring 12/31/2029.
  • Located at 111 E Grace St, Richmond, VA 23219, on a 0.097-acre lot.
  • 1930-built, 1-story, Art Deco building with B-4 zoning.
  • Houses Perly's Delicatessen, a Yelp Top 100 US restaurant and Food Network featured establishment.

Property Details for 111 Grace St

Property type
Retail properties, Restaurants
Square Feet
2,160 SF
Year Built
1930
Buildings
1
Stories
1
Lot Size (sq. ft)
4,225 SF

Location Insight

City
Richmond
County
Richmond City
State
Virginia
Latitude
37.5437991
Longitude
-77.4415427

FAQs

What type of property is this?
Retail property - Iconic Deli, NNN Lease, High-Traffic Location
Where is the retail property located?
The property is located at 111 Grace St Richmond, VA.
What is the asking price?
The asking price for this property is $840,000.
What are key features of this property?
This property features: $840,000 asking price for a 2,160 SF retail property.; NNN lease in place, single tenant occupancy, expiring 12/31/2029.; Located at 111 E Grace St, Richmond, VA 23219, on a 0.097-acre lot.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
111 Grace St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message