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    1009 Sophia St Fredericksburg, VA 22401

    For Sale
    $1,750,000

    Prime Downtown Mixed-Use Investment

    Property size:
    2,080 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional Fredericksburg investment opportunity encompasses two parcels totaling 0.51 acres of prime waterfront land on the Rappahannock River, situated in the heart of the historic district. The property includes a 2,080 square foot building currently leased to The Pig Pitt restaurant under a lease extending until February 28, 2026, providing immediate rental income. A separate parking lot is leased month-to-month to the City of Fredericksburg, and this lease will transfer with the sale. The property's CD (Commercial Downtown) zoning allows for diverse redevelopment options, including commercial, residential, or mixed-use projects, without the need for variances. This presents a unique chance to capitalize on the vibrant downtown location and the potential for future development. The combination of existing income-generating leases, waterfront access, and flexible zoning makes this a truly rare and compelling investment in one of Virginia's most desirable historic towns. The property's location within the bustling downtown area ensures high visibility and accessibility, further enhancing its investment potential. This is an opportunity to own a piece of Fredericksburg's rich history and vibrant future.

    Property Features for 1009 Sophia St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    2,080 SF
    Lot Size
    22,216 SF

    Building Details

    Year Built
    1960
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Fredericksburg
    County
    Fredericksburg City
    State
    Virginia
    Longitude
    -77.45894
    Latitude
    38.305

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Downtown Mixed-Use Investment
    Where is this mixed-use property located?
    The property is located at 1009 Sophia St Fredericksburg, VA.
    What is the asking price?
    The asking price for this property is $1,750,000.
    (540) 373-0100
    Request Owner's contact information
    1009 Sophia 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
    1009 Sophia St Fredericksburg, VA 22401
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