111 E Grace St
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111 E Grace St
2,160 SF Retail Building Richmond, VA 23219 £658,904 (£305/SF)
Investment Highlights
- Yelp Top 100 US Restaurant
- 1930's Art Deco design
- One of Food & Wine's "America's Best Jewish Deli's"
- Solid NNN lease in place
- Featured on the Food Network
- 2,160 SF + 729 SF (basement)
Executive Summary
One South Commercial is excited to offer the exclusive listing for 111 E. Grace Street in Downtown Richmond. This fabulous art deco building is home to the iconic Perly’s Delicatessen who has a NNN lease on the property. Located in the heart of the Grace Street Commercial Historic District, next door to Stella’s market, this property serves as a vibrant hub for both locals and visitors.
This is a generational opportunity to own one of Richmond’s architectural and cultural landmarks.
About Perly’s:
Perly's is a beloved Jewish delicatessen known for its traditional deli fare and vintage diner ambiance. Established in 1961, this historic eatery offers a menu featuring a variety of Jewish and Eastern European dishes. The deli's nostalgic decor, friendly staff, and a menu that captures the essence of classic Jewish comfort food create a cozy and inviting atmosphere for locals and tourists alike. It has been featured on Diner’s, Drive-ins and Dives on the Food Network and is currently ranked as one of Yelp’s Top 100 Restaurants in the US.
This is a generational opportunity to own one of Richmond’s architectural and cultural landmarks.
About Perly’s:
Perly's is a beloved Jewish delicatessen known for its traditional deli fare and vintage diner ambiance. Established in 1961, this historic eatery offers a menu featuring a variety of Jewish and Eastern European dishes. The deli's nostalgic decor, friendly staff, and a menu that captures the essence of classic Jewish comfort food create a cozy and inviting atmosphere for locals and tourists alike. It has been featured on Diner’s, Drive-ins and Dives on the Food Network and is currently ranked as one of Yelp’s Top 100 Restaurants in the US.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,160 SF
Building Class
C
Year Built
1930
Price
£658,904
Price Per SF
£305
Tenancy
Single
Number of Floors
1
Building FAR
0.51
Land Acres
0.10 AC
Zoning
B-4
Frontage
24 ft on E Grace St
Amenities
- Bus Route
- Signage
Walk Score ®
Walker's Paradise (97)
Bike Score ®
Very Bikeable (85)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | W000-0063-006 | Improvements Assessment | £254,149 |
| Land Assessment | £201,593 | Total Assessment | £455,742 |
PROPERTY TAXES
Parcel Number
W000-0063-006
Land Assessment
£201,593
Improvements Assessment
£254,149
Total Assessment
£455,742
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Chris Corrada -
One South Commercial
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