404 Grace StRichmond, VA 23219
- Office properties
- 6,264 SF
Property Details for 404 Grace St
- Year built
- 1922
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.05 AC
- Property size (Sq ft)
- 6,264 SF
- Zone code
- B-4 CENTRAL BUSINESS
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- W-000-0025-022
- APU
- W0000025022
Description
This exceptional 2,000-square-foot creative office space is located in Richmond, Virginia's vibrant Arts District at 404 E Grace St, zip code 23219. Situated on the second floor of a three-story building (APN: W0000025022), this single-tenant space is move-in ready. The property is zoned B-4 and offers a unique blend of historic charm and modern functionality. Large windows flood the space with natural light, creating an inspiring and collaborative environment perfect for creative businesses or startups. The meticulously renovated interior features multiple areas designed to foster teamwork and innovation. This is an excellent opportunity to establish a presence in a thriving arts community. The building itself is historically significant, adding character and appeal to this already impressive workspace. Don't miss this chance to secure a prime location in the heart of Richmond's artistic hub. This is a single-tenant occupancy in a one-building complex.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,382,546
- 6.5%
- $1,276,196
- 7%
- $1,185,040
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,046,151
- Geo Method
- $1,046,151
-
Alternative Use
- Use
- Valuation
- Residential
- $1,582,484
- Hospitality
- $1,449,546
- Educational
- $1,206,006
- Medical
- $1,247,482
- Retail
- $1,876,009
Location Insight
- City
- Richmond
- County
- Richmond City
- State
- Virginia
- Latitude
- 37.5426
- Longitude
- -77.4387
- CBSA code
- 40060
- CBSA name
- RICHMOND, VA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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