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    1914 Princess Anne St Fredericksburg, VA 22401

    For Sale
    $995,000

    Established motel in historic Fredericksburg, offering renovation and business opportunities.

    Lot size:
    0.23 Acres

    Property Features for 1914 Princess Anne St

    General Information

    Lot size
    0.23 Acres

    Building Details

    Year built
    1949

    Source: The Realty Solutions Group, , LLC. Agent Amy Cooper

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fredericksburg Motel with Renovation Potential

    Established in 1949, this motel is located in the heart of Fredericksburg. The property features a brick exterior and offers 13 units, with some currently undergoing renovation. The location provides convenient access to the city. The motel has wall unit AC with 110 amp service, and heaters with 220 amp outlets. Some rooms currently use stand up heaters. The property is all electric, and the water heater is gas. A new roof and gutters are planned for installation in the fall of 2024. The property is situated near Civil War historical sites and the George Washington family home, as toured by Olde Towne Carriage Tours. This property presents an opportunity to own a piece of history.
    Insight Report Location Intelligence

    Current Use by Public Records

    Colonial Motel Motel

    Suggested Use

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

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

    Similar Places Nearby

    Hitel, 2001 Liberty Street, Fredericksburg, VA, 200 Liberty Loop, Fredericksburg, VA3, Silver Collection at Carl D. Silver Parkway, The Publisher, Fredericksburg, a Tribute Portfolio Hotel

    Location Insight

    • Map
    • Local Demand
    City
    Fredericksburg
    County
    Spotsylvania
    State
    Virginia
    Longitude
    -77.4675271
    Latitude
    38.3121829

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    FAQs

    What type of property is this?
    Motel - Established motel in historic Fredericksburg, offering renovation and business opportunities.
    Where is this motel located?
    The property is located at 1914 Princess Anne St Fredericksburg, VA.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: - Prime location in the heart of Fredericksburg City, ideal for exploring local attractions and historical sites; - Recently replaced roof and gutters (Fall 2024); - Opportunity to own a piece of Fredericksburg history, established in 1949
    (540) 522-1497
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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

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    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
    1914 Princess Anne St Fredericksburg, VA 22401
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