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    702 Princess Anne St Fredericksburg, VA 22401

    For Sale
    $850,000

    Historic Charm, Modern Amenities

    Property size:
    2,126 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 2,126 square foot office building, situated on a 0.09-acre lot at 702 Princess Anne Street in Fredericksburg, Virginia, presents a unique investment opportunity. Its enviable location directly across from the courthouse ensures high visibility and accessibility. The property's classic architectural details are complemented by modern functionality, creating a sophisticated and inviting workspace. The layout includes a welcoming entryway and reception area, five individual offices providing ample space for various business needs, and a dedicated conference room ideal for meetings and presentations. An upper-level loft adds versatility and potential for expansion or specialized use. Adding to the convenience, six off-street parking spaces are provided for employees and clients. Further enhancing the space is a wet bar conveniently located near the rear exit, and one and a half bathrooms. A full-length front porch enhances the building's historic charm and provides a pleasant outdoor area. Priced at $850,000, this property offers a compelling blend of historic character and modern amenities, making it an ideal choice for businesses seeking a prominent presence in the heart of downtown Fredericksburg. The combination of location, features, and price makes this a truly exceptional opportunity.

    Property Features for 702 Princess Anne St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    2,126 SF
    Lot Size
    3,920 SF

    Building Details

    Year Built
    1889
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    mediation solutions in fredericksburg ... Consultant Kane Perry Krueger, ... Divorce Lawyer Kane Kristie L ... Attorney

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fredericksburg
    County
    FREDERICKSBURG CITY
    State
    Virginia
    Longitude
    -77.45914
    Latitude
    38.30051

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    FAQs

    What type of property is this?
    Office Property / Space - Historic Charm, Modern Amenities
    Where is this office property / space located?
    The property is located at 702 Princess Anne St Fredericksburg, VA.
    What is the asking price?
    The asking price for this property is $850,000.
    (540) 373-2000
    Request Owner's contact information
    702 Princess Anne St Fredericksburg, VA 22401
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    Fredericksburg, VA 22401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    702 Princess Anne St Fredericksburg, VA 22401
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