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Property profile & analytics
FOR SALE
Commercial real estate

1504 Princess Anne St Fredericksburg, VA 22401

468 SF 0.18 ac lot Built 1949
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US87-1258227
Property summary
AI-generated overview

This exceptional 468 square foot retail space at 1504 Princess Anne Street in Fredericksburg, VA, presents a unique opportunity for entrepreneurs and business owners. Located on a bustling thoroughfare leading into the heart of downtown Fredericksburg, this free-standing building offers unparalleled visibility and accessibility. Currently in shell condition, the property provides a blank canvas for customization, allowing you to create a space perfectly tailored to your business needs and brand identity. One bathroom is already installed, providing a solid foundation for your build-out. The property sits on a 0.18-acre lot and is priced at $450,000. Its zoning designation within the Creative Maker district allows for a wide array of uses, including art galleries, studios, workshops, retail boutiques, food and beverage establishments, and creative office spaces. Benefit from high foot traffic and excellent visibility on Princess Anne Street, surrounded by established businesses such as Olde Towne Steak & Seafood, Canal Quarter Arts, Haley's Honey Meadery, Equipment Connection, Sprelly, and Red Dragon Brewery. A walk-in cooler kit is available for purchase separately. This property's prime location and flexible zoning make it an ideal investment for those seeking a high-impact commercial space in a thriving downtown area. Don't miss this chance to establish your business in a vibrant and sought-after location.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1949
Total area 468 SF
Lot 0.18 ac (7,667 SF)
Zoning code CM
APN 7789-06-1955
UPID US87-1258227
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Home Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Waldrep Properties LLC · 4 yrs held
Waldrep Properties LLC
since 2021
Last sale
$370,000
1 recorded transaction
2021
$370,000
Zoning & alternative use
CM · Fredericksburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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