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706 Caroline StreetFredericksburg, VA 22401MLS Number VAFB2003318

  • Sale Price: $1,337,500
  • 136 Days Since Sale
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706 Caroline Street Fredericksburg VA 22401
706 Caroline Street Fredericksburg VA 22401
    Fredericksburg's Economic Development Authority (EDA) owns this historic property in the heart of downtown Fredericksburg. It's within a block of Riverfront Park, the Sophia Street Parking Garage, the Courtyard by Marriott hotel and dozens of restaurants, art studios, and retail shops. This is truly a one-of-kind opportunity. This sale includes a 5,319 SF building and a 14 space parking lot. Currently leased by the City of Fredericksburg for The Visitor Center and the Economic Development and Tourism Office for up to 24 months as they build out their new location, this gives the new owner time to plan and get approved any new construction while it is fully leased. Built in 1824 and used originally as a confectionary shop and residence, there were extensive renovations done in 1975 and designated as the "Bicentennial Center"! The front of the building consists of three levels with the visitors center on the main floor and two floors of office space above. There is a large meeting room on the main floor and a large storage area. In the back of the building there is a small 2nd floor office space with a 1/2 bath. There are 2 public bathrooms accessible from the exterior only that must remain public during the lease period only. The 14 space parking lot creates lots of opportunity for creative use of space.
    Listed by Suzy Stone, Lando Massey Real Estate

    Listing Sold by Non Subscribing Office

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    Yeonas & Shafran Real Estate, LLC

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    Yeonas & Shafran Real Estate, LLC
    Office: 703-790-3330
    1309 Vincent Pl
    McLean, VA 22101

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    Location Information

    • UsmAreaFredericksburg

    Parking

    • Parking FeaturesHandicap Parking, Paved Parking
    • Parking TypesParking Lot

    Basic Information

    Property

    • Acreage0.27
    • Business TypeParking Lot, Other, Professional, Flex
    • Lot Size SourceEstimated
    • Lot Size Square Feet11,547
    • New Construction YNN
    • Property ConditionVery Good
    • Property SubTypeMixed Use
    • ZoningCD

    Property Information

    • Municipal Trash YNYes

    Legal

    • PossessionSubject to Existing Lease
    • Sale TypeStandard

    Basic Information

    • Broker NameLando Massey Real Estate
    • List Price$1,575,600
    • MLS NumberVAFB2003318
    • MLS Property TypeCommercial Sale
    • Price Per Square Foot296
    • Sale Date05/31/2024
    • Sale Price$1,337,500
    • StatusSLD

    Building

    • Building Area SourceEstimated
    • Building Area Total5319
    • Construction MaterialsBrick
    • Total Garage And Parking Spaces14
    • Total Restrooms4
    • Year Built1824
    • Year Built Effective1975

    Utilities

    • Central Air YNYes
    • CoolingCentral A/C
    • Cooling FuelElectric
    • Heat SystemHeat Pump(s), Zoned
    • Heating FuelElectric
    • Heating YNYes
    • SewerPublic Sewer
    • Water HeaterElectric
    • Water SourcePublic

    Tax Information

    • Assessment Year2021
    • County Tax Payment FrequencyAnnually
    • Tax Assessment Amount$1,575,600
    • Tax Lot37
    • Tax Year2022
    • Taxes$7,463
    • Total Taxes Payment FrequencyAnnually

    Location

    • Address706 Caroline Street
    • Building Number706
    • CountyFredericksburg City
    • Cross StreetCharlotte
    • DirectionsI-95 to Exit 130 (Rt. 3 EAST) to a left on William Street, right on Princess Anne Street, left on Charlotte to the building and parking lot on the corner of Caroline Street and Charlotte.
    • In City Limits YNYes
    • StateVA
    • SubdivisionDowntown Fredericksburg
    • TownFredericksburg
    • Zip22401

    Amenities

    • Accessibility AmenitiesOther

    Other

    • BuyerfinancingConventional
    • Historic YNYes
    • View Count13

    Copyright 2024 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Yeonas & Shafran Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated October 14, 2024. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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