1504 Princess Anne St Fredericksburg, VA 22401
For Sale
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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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CM · Fredericksburg, VAFredericksburg. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.