E Grace 412

Geolocation
Dormant Since: 
c. 1989
Cause: 
Paradise Shops Closed


Last purchased for $147,500 in 1989, 412 E Grace is currently managed by Grubb & Ellis, who also manages the entirely vacant 500 block of E Grace. It represents a popular typology that occurs when a building owner wanted a more modern storefront. Here, a new storefront was set in at a subtle 10 degree angle and half of the facade was clad in galvanized metal panels, but the expression of the Colonial Revival on the second floor remains.


But the surprises didn't end on the exterior. Last used unofficially a recording studio, the building was filled with boxes of cassette tapes for kindergartners, and mannequins of kindergarten-sized children. On the mezzanine level, a soundproof room, and balcony with arches overlooking the first floor has detailing that remains intact for the most part. Upstairs, the entire space is hollowed-out and vacant, with only a stage remaining.


This building, also managed by Susan Jones with Grubb & Ellis | Harrison Bates, is also only for lease, not for sale. Its owner, Henry Bergmann, lives in Florida and has no plans for the property.


Ownership

Owner: 
Henry Bergmann
Managing Contact: 
Susan Jones, Grubb & Ellis | Harrison & Bates
Address: 
6606 West Broad Street #400, Richmond, VA 23230
Email: 
susan.jones@harrison-bates.com
Phone (main): 
804.788.1000
Website: 
http://www.harrison-bates.com/
Occupancy Status: 
Leasing

Impact

Physical: 
Parcel Frontage ÷ Block Frontage = 9.70%
Economic: 
This Parcel ÷ Total Parcels on Block = 8.30%
Block: 
Total Dormant on Block ÷ Total Parcels on Block = 41.60%

Value

2012: 
$236 000.00
2010: 
$236 000.00
2008: 
$236 000.00
2006: 
$196 000.00
2004: 
$120 000.00
2002: 
$90 100.00
Last Transfer: 
Unlisted
Date: 
5.19.1989
Amount: 
$147 500.00

Planning

District: 
Gateway, 6th
Representative: 
Ellen Robertson
Representative Email: 
ellen.robertson@richmondgov.com
National Register of Historic Places (District): 
Grace Street Commercial
Property Class: 
410-B: Retail/Service
Zoning District: 
B-4 Business

Structure

Architect: 
To Be Determined
Year: 
1926
Size: 
9 150 sq. ft.
Levels: 
2
Selected Historic Uses: 

Paradise Shops