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1009 & 1017 Sophia StreetFredericksburg, VA 22401MLS Number VAFB2005954

  • Price: $1,750,000
  • 14 Days on Market
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Federal 30-year interest rate: 7.02% last updated on May 16, 2024
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1009 & 1017 Sophia Street Fredericksburg VA 224011009 & 1017 Sophia Street Fredericksburg VA 224011009 & 1017 Sophia Street Fredericksburg VA 224011009 & 1017 Sophia Street Fredericksburg VA 224011009 & 1017 Sophia Street Fredericksburg VA 224011009 & 1017 Sophia Street Fredericksburg VA 224011009 & 1017 Sophia Street Fredericksburg VA 224011009 & 1017 Sophia Street Fredericksburg VA 224011009 & 1017 Sophia Street Fredericksburg VA 224011009 & 1017 Sophia Street Fredericksburg VA 224011009 & 1017 Sophia Street Fredericksburg VA 224011009 & 1017 Sophia Street Fredericksburg VA 22401
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  • 0.51Acreage
  • 1960Year Built
  • 841Price Per Square Foot
  • 2022Assessment Year
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.
Listed by Allison S Graves, Coldwell Banker Elite

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

More Info

Location Information

  • UsmAreaFredericksburg

Parking

  • Parking TypesParking Lot

Basic Information

  • Date Listed05/07/2024

Location

  • Address1009 & 1017 Sophia Street
  • Building Number1009 & 1017
  • CountyFredericksburg City
  • DirectionsFredericksburg, 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 before the Chatham Bridge.
  • In City Limits YNYes
  • StateVA
  • TownFredericksburg
  • Zip22401

Basic Information

  • Broker NameColdwell Banker Elite
  • List Price$1,750,000
  • MLS NumberVAFB2005954
  • MLS Property TypeCommercial Sale
  • Price Per Square Foot841
  • Security FeaturesElectric Alarm, Exterior Cameras
  • StatusACT

Property

  • Acreage0.51
  • Business TypeRestaurant/Bar
  • Lot Size SourceEstimated
  • Lot Size Square Feet22,215.6
  • New Construction YNN
  • Property SubTypeMixed Use
  • ZoningCD
  • Zoning DescriptionCommercial Downtown zoning allows for various commercial, residential or mixed uses by-right.

Amenities

  • Accessibility AmenitiesLevel Entry - Main, 36"+ wide Halls

Tax Information

  • Assessment Year2022
  • County Tax Payment FrequencyAnnually
  • Tax Assessment Amount$1,035,800
  • Tax Lot6
  • Tax Year2022
  • Taxes$9,218
  • Total Taxes Payment FrequencyAnnually

Building

  • Building Area SourceEstimated
  • Building Area Total2080
  • Construction MaterialsBlock
  • Total Garage And Parking Spaces31
  • Total Restrooms2
  • Year Built1960

Utilities

  • CoolingRoof Mounted, Heat Pump(s)
  • Cooling FuelElectric
  • Heat SystemForced Air
  • Heating FuelNatural Gas
  • Heating YNYes
  • SewerPublic Sewer
  • Water HeaterNatural Gas
  • Water SourcePublic

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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 May 20, 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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