Homes for sale - 1009 & 1017 SOPHIA ST, Fredericksburg, VA 22401

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Steven Pagan

steven.pagan@foxroach.com +1(609) 631-5668

$1,750,000

Est. payment - /mo

2,080 SqFt

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UPDATED:

08/14/2024 09:22 AM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 2,080 sqft

Price per Sqft $841

MLS Listing ID VAFB2005954

Originating Board BRIGHT

Year Built 1960

Annual Tax Amount $9,218

Tax Year 2022

Lot Size 0.510 Acres

Acres 0.51

Property 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.

Location

State VA

County Fredericksburg City

Zoning CD

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Roof Mounted, Heat Pump(s)

Heat Source Natural Gas

Exterior

Garage Spaces 31.0

Water Access N

Accessibility Level Entry - Main, 36\"+ wide Halls

Total Parking Spaces 31

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Fredericksburg City Public Schools

Others

Tax ID 7789-15-6892 & 7789-15-7716

Ownership Fee Simple

SqFt Source Estimated

Security Features Electric Alarm,Exterior Cameras

Special Listing Condition Standard

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Listed by Allison S Graves • Coldwell Banker Elite

Our passion for real estate and love for New Jersey are a perfect match. We have made it our mission to help local residents sell their homes quickly and at the best possible prices, and homebuyers in finding their perfect piece of paradise in New Jersey.

+1(609) 631-5668

steven.pagan@foxroach.com

352 Stokes Rd, Medford, NJ, 08055, USA

1009 & 1017 SOPHIA ST Fredericksburg, VA 22401