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    803 Caroline St Fredericksburg, VA 22401

    Sponsored
    For Sale
    $1,200,000

    Prime Location, 3+ Income Streams, High Traffic

    Property size:
    3,609 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional mixed-use property, located at 803 Caroline Street in the heart of Historic Downtown Fredericksburg, Virginia, presents a unique investment opportunity. The building boasts 3,609 square feet across three levels, plus a dry basement offering ample storage. The main level currently houses a highly successful retail business, established for over 30 years, featuring two large street-facing windows ensuring high visibility and pedestrian traffic. Two separate entrances serve the main level and the upper two levels, providing flexibility and convenience. The upper levels comprise two apartments, each with an open floor plan, beautiful flooring, high ceilings, and abundant natural light. The property includes 2.5 bathrooms, with a full bath in each apartment and a half bath on the main level. Recent updates include a new roof and upgraded electrical systems, featuring three separate central heating and cooling systems with individual meters. The building's prime location within a high-pedestrian and automobile traffic area ensures consistent foot traffic and visibility, making it ideal for a variety of uses. The basement provides additional storage space, beneficial for the retail business or future tenants. The property's versatility and established income streams make it an attractive investment for discerning buyers seeking a profitable and historically significant property in a thriving downtown area. Appointments are required for showings due to the ongoing business operations.

    Property Features for 803 Caroline St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    3,609 SF

    Building Details

    Year Built
    1806
    Property Profile Location Intelligence

    Current Use by Public Records

    Rocking Horse Gallery Toy Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fredericksburg
    County
    Fredericksburg City
    State
    Virginia
    Longitude
    -77.45831
    Latitude
    38.30201

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Location, 3+ Income Streams, High Traffic
    Where is this mixed-use property located?
    The property is located at 803 Caroline St Fredericksburg, VA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    (540) 374-1111
    Request Owner's contact information
    803 Caroline 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
    803 Caroline St Fredericksburg, VA 22401
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