$841.35 Per Sq Foot $9,394 est/mo Sourced by Back At You

1009 & 1017 Sophia St,Fredericksburg, VA 22401

Fredericksburg VA, 22401

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Description

Welcome to 1009 & 1017 Sophia Street, a unique opportunity to own two parcels totaling .51 acres of prime waterfront property in the heart of Fredericksburg's historic district. Nestled in the vibrant downtown district of Fredericksburg, this property boasts water frontage on the Rappahannock River. The 2,840 square foot building is currently leased to The Pig Pitt restaurant, with the lease valid until 2/28/26, ensuring immediate rental income for the new owner. Additionally, a parking lot is leased to the City of Fredericksburg for use as a public parking lot on a month-to-month basis, with this lease also conveying with the sale. The CD (Commercial Downtown) zoning allows for the flexibility of the buyer to redevelop the property into various commercial, residential or mixed-use options by-right, maximizing the potential of this prime location. This is a rare opportunity to invest in a piece of Fredericksburg's rich history while enjoying the benefits of a waterfront property in a bustling downtown setting. Whether you're looking to continue leasing to established tenants, redevelop the property, or create a new waterfront venture, the possibilities are endless. Don't miss out on this exceptional investment opportunity in one of Virginia's most charming and historic towns.

Details

MLS#VAFB2005954
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1960
Days On Site75
Listing Provided ByColdwell Banker Elite | Allison S Graves
Buying Commision3% Of Gross

Features

SQ Feet2,080
ZoningCD
Acreage0.51

Market Activity 22401

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Listings Checked: 22 minutes ago
StateVA
CountyFredericksburg City
CityFredericksburg
Zip Code22401
School DistrictFredericksburg City Public Schoo
Listing VS Median (in 22401)
Price:
$1,750,000
low | high
Med:
$393,450
100% of Average
SqFt:
2,080
low | high
Med:
1,663
70.048076923077% of Average
$ / SqFt:
$841
low | high
Med:
$241
100% of Average
On Site:
75
low | high
Med:
89.000000
84.269662921348% of Average
Sourced by Back At You
Listing Updated: July 18, 2024 at 5:26:25 AM PDT