Iconic Richmond Restaurant - NNN Lease Investment
Home to Perly’s Delicatessen
111 East Grace Street Richmond Virginia 23219
$840,000
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.
ABOUT MONROE WARD
Monroe Ward is a lively, historic neighborhood in the heart of downtown Richmond, known for its rich architectural heritage and blend of old and new. Located between the business district and VCU’s campus, this area attracts a diverse mix of residents, businesses, and visitors. Monroe Ward’s charm lies in its tree-lined streets, Victorian buildings, and vibrant atmosphere, with a growing selection of restaurants, boutiques, and art galleries. This neighborhood has become one of Richmond’s most exciting hubs for innovation and business. Its easy access to public transportation, Monroe Park, and major highways makes it ideal for investors and entrepreneurs. Monroe Ward offers a unique opportunity for growth, blending urban energy with historic character.
Chris is a Richmond native and industry veteran with extensive experience in real estate investment and development. For 13 years he served as Principal and in-house Broker with Riverstone Properties, managing and growing a diverse portfolio for one of Virginia’s prominent families. This provided the opportunity to work in all sectors of commercial real estate.
Prior to joining Riverstone, Chris served as a Vice President and Project Manager with East West Partners of Virginia for 10 years. He holds an MBA with a concentration in Real Estate Development from VCU and an undergraduate degree from East Carolina University.
In 2024, Chris started his consulting company, Double C Real Estate, and joined One South Commercial as an Associate Broker to draw on his experience and help families, businesses and investors evaluate, optimize and grow their commercial real estate holdings.
DISCLAIMER: This offering memorandum is intended as a reference for prospective purchasers in the evaluation of the property and its suitability for investment. Neither One South Commercial nor Seller make any representations or warranties with respect to the accuracy or completeness of the materials contained in the offering memorandum. Prospective purchasers should evaluate the property independently and rely solely on such independent evaluation in determining whether to purchase the property. The offering memorandum, pricing, and terms therein are subject to change or withdrawal at the discretion of Seller and One South Commercial, as Seller’s exclusive representative. *Information provided deemed reliable but not guaranteed