Freestanding Mixed-Use
For Sale
$925,000
1806 FALL HILL AVENUE, Fredericksburg, VA 22401
Two-building property combining residential rentals with an established convenience store and additional commercial-use flexibility.
Property Size6,082 SF
Lot Size1.20 Acres
Price / SF$92.50
Days on Market50
Property Features for 1806 FALL HILL AVENUE
General Information
Standard status
Active
Size
6,082 SF
Total Parking Spaces
45
Lot size
1.20 Acres
Property subtype
MixedUse
Zoning
C-2
Occupancy
95%
Net Operating Income
$234,000
Financials
Asking Price
$4,500,000
Cap Rate
6.5%
Gross Income
$320,000
Business Included
Yes
Opportunity Zone
No
Site & Location
Frontage
60 ft
Corner Location
No
End Cap
Yes
Drive-Thru
Yes
Pylon Signage
Yes
Anchor Co-Tenants
Target, Walmart
Traffic Count
15,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Floor
Ground
Sprinkler System
Yes
Liquor License
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$2,736
Amenities
residential
commercial
Building Details
Building Size
6,082 SF
Year Built
1914
Year Renovated
2020
Buildings
2
Stories
2
Construction
brick
Tenancy
Single
Parking Ratio
4.5 per 1,000 SF
Abandoned
No
Listing Agency:
Century 21 Redwood Realty
Listed By:
Lisa Nelson · License #0225099597
(540) 226-9246
Source:
Barnesrealestatecompany
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 27 at 1:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Redwood Realty
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Investment Insights
Based on property information with market context.
This mixed-use property comprises two buildings totaling 6,082 square feet, constructed in 1914. The residential component includes four two-bedroom, one-bath units. One ground-floor apartment has updated flooring, cabinets, appliances, and bathroom fixtures, while another upper-level unit is occupied by a long-term tenant. A separate building includes an existing convenience store operated by the owners, along with an additional two-bedroom, one-bath apartment above the commercial space.
The commercial area may continue as a convenience store, be leased to another operator, or support other retail, deli, or commercial uses subject to applicable zoning and approvals. Common-area space may offer future development potential, including a possible additional duplex, subject to zoning, site-plan approval, permitting, and feasibility. On-street parking is available for tenants. The property is near Mary Washington Hospital and the University of Mary Washington, with access to downtown Fredericksburg, shopping, dining, education, and medical facilities.
The commercial area may continue as a convenience store, be leased to another operator, or support other retail, deli, or commercial uses subject to applicable zoning and approvals. Common-area space may offer future development potential, including a possible additional duplex, subject to zoning, site-plan approval, permitting, and feasibility. On-street parking is available for tenants. The property is near Mary Washington Hospital and the University of Mary Washington, with access to downtown Fredericksburg, shopping, dining, education, and medical facilities.
Key Highlights
- Two‑building mixed‑use property totaling 6,082 square feet
- Four two‑bedroom, one‑bath residential units
- Existing convenience store with additional commercial‑use potential
Property Analytics
Who owns this building?
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Current Use
Lease Details
4
Residential units
15,000 VPD
Traffic count
95%
Occupancy
Single-tenant
Tenancy
Turnkey business
Opportunity
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
1,977
Businesses Nearby
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Business Placement
Demographics for 22401, VA
27,799
Population
12,270
Households
2.3
Avg Household Size
32
Median Age
47%
College-Educated
93%
High-School Grad
10.4 sq mi
ZIP Area
2,673
Density / Sq Mi
$85,432
Median Household Income
$46,891
Median Earnings
$1,518
Median Rent
$461,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-building property combining residential rentals with an established convenience store and additional commercial-use flexibility.
Where is this mixed-use property located?
The property is located at 1806 FALL HILL AVENUE Fredericksburg, VA.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Two‑building mixed‑use property totaling 6,082 square feet; Four two‑bedroom, one‑bath residential units; Existing convenience store with additional commercial‑use potential
