108 Grace StRichmond, VA 23219

Property Details for 108 Grace St

Year built

1930

Construction

CONCRETE

Lot size

0.40 AC

Property size (Sq ft)

57,760 SF

Zone code

B-4 CENTRAL BUSINESS

Property type

Apartment buildings

APN

W-000-0064-021

APU

W0000064021

Description

This exceptional first-floor office space, located at 108 E Grace St in the heart of Downtown Richmond, offers a fantastic opportunity for businesses seeking a vibrant and convenient location. The property, part of the Sydnor Flats building, boasts a total of 57,760 square feet across five stories and comprises two suites currently available, ranging from 1,343 to 1,491 square feet. Built in 1930, this traditional office building is zoned B-4 and sits on a 0.39-acre lot (APN: W0000064021). Currently, 2,834 square feet are vacant, presenting a unique chance to secure prime office space in a high-demand area. The building's central location provides easy access to Virginia Commonwealth University (VCU), Medical College of Virginia (MCV), the Convention Center, numerous hotels, and a wide array of restaurants. The property benefits from convenient access to public transportation via the GRTC Pulse and multiple nearby parking lots. Secure entry and well-maintained common areas add to the overall appeal. This is an ideal space for businesses seeking generous open office areas complemented by private offices, offering a blend of collaborative and individual work environments. The property's prime location and amenities make it an attractive option for companies looking to establish a strong presence in the thriving Richmond market.

• CAP approach

  CAP return

  Valuation

  6%

  $15,807,900

  6.5%

  $14,591,908

  7%

  $13,549,629

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,952,071

  Geo Method

  $14,952,071

• Alternative Use

  Use

  Valuation

  Residential

  $14,591,908

  Hospitality

  $13,366,109

  Educational

  $11,120,446

  Medical

  $11,502,895

  Retail

  $17,298,472

Location Insight

City

Richmond

County

Richmond City

State

Virginia

Latitude

37.5443

Longitude

-77.4414

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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