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10091017 Sophia Street,  Fredericksburg VA, 22401

(Active)
$1,750,000
|
2,080 sqft
|
MLS# VAFB2005954
Last Updated: 5/29/2024 2:00 AM
Description for 10091017 Sophia Street Fredericksburg, VA 22401
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.
Price
$1,750,000
FREDERICKSBURG CITY
2,080 (approx)
VAFB2005954
Active
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.
Listing Information
Property Type: Mixed Use, Business Opportunities, Other
0.51 Acres 2,080 (approx) 1960
Public
Public Sewer
Neighborhood
Room Information
Interior Features
Gas Heat, Heat Pump, Forced Air
Exterior / Lot Features
31 Parking Spaces,
Commercial Downtown zoning allows for various comm
Driving Directions
Fredericksburg, located 50 miles from both Richmond and D.C., is a city steeped in history and culture, yet it's also a hub of modern growth and development. Fredericksburg has experienced significant population and economic growth in recent years, making it one of Virginia's most vibrant and sought-after markets for businesses. The city's expanding population and thriving economy create a robust customer base and ample opportunities for business growth. Positioned at the intersection of major transportation routes, including Interstate 95 and U.S. Route 1, Fredericksburg's economy is diverse and growing,with a mix of industries including healthcare,education, retail, and professional services. The city's strong job market, low unemployment rate,and high quality of life make it an attractive destination Property is located in the sought after Historic District of Fredericksburg on the Rappahannock River. Take William Street into Downtown Fredericksburg. Left onto Sophia Street befor
Financial Considerations
7789-15-6892 & 7789-15-7716
$9,218
Listing Price History

Fredericksburg Real Estate

Fredericksburg is located in Virginia. Fredericksburg, Virginia 22401 has a population of 29,122.

The median household income in Fredericksburg, Virginia 22401 is $72,010. The median household income for the surrounding county is $72,228 compared to the national median of $66,222. The median age of people living in Fredericksburg 22401 is 33 years.

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Courtesy: Coldwell Banker Elite
BRIGHT MLS - All information, regardless of source, should be verified by personal inspection by and/or with the appropriate professional(s). The information is not guaranteed. Measurements are solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation, or other purposes.
This content last refreshed on 5/29/2024 2:00 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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