Mixed-Use Building with
For Sale
$700,000
Pending
1911 Dixon Street, Fredericksburg, VA 22401
CommercialSale, Fredericksburg, VA
Property Size2,000 SF
Lot Size0.24 Acres
Days on Market50
Property Features for 1911 Dixon Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
12
Lot features
Level
Subdivision
202 - Fredericksburg
Standard status
Pending
APN
255-6B-L22
Lot size
0.24 Acres
Additional Details
Tenant in Place
Yes
Property Use
Mixed Use
Taxes and HOA fees
Tax Description
LTS 21 & 22 BL 255-6B-L22 AIRPORT 1911 DIXON ST .241047/10,500 SQ FT
Legal Description
LTS 21 & 22 BL 255-6B-L22 AIRPORT 1911 DIXON ST .241047/10,500 SQ FT
Utilities
Heating system
Heat Pump (Heating), Zoned
Amenities
laundry room
Building Details
Year built
1936
Floors in Building
2
Building materials
Brick, MetalSiding, VinylSiding
Roof type
Composition, Shingle
Buildings
1
Listing Agency:
EXP Realty, LLC
(804) 729-5188
Listed By:
Jared Davis · License #0225210738
(804) 536-6100
Added: Sep 15
Changed: Nov 3
Last Checked: Nov 3 at 9:06PM
MLS# 2625235
Copyright © 2026 Central Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This mixed-use building, constructed in 1936, combines a commercial unit on the ground level with two residential apartments above. The commercial space contains approximately 2,000 square feet of office area and is currently occupied by an appliance repair business. Residential accommodations include one two-bedroom, one-bath apartment and a separate one-bedroom, one-bath unit. The property also includes a first-floor laundry room with its own exterior access.
Located in Fredericksburg near the Route 1 and I-95 corridor, the property offers a 0.241-acre site with a 12-space parking lot serving commercial customers and residents. Brick, metal siding, and vinyl siding are used in the building’s construction, with heat pump systems and zoned heating.
Located in Fredericksburg near the Route 1 and I-95 corridor, the property offers a 0.241-acre site with a 12-space parking lot serving commercial customers and residents. Brick, metal siding, and vinyl siding are used in the building’s construction, with heat pump systems and zoned heating.
Key Highlights
- Mixed‑use building with 1 commercial unit and 2 residential apartments
- Approximately 2,000 square feet of ground‑floor office space
- Residential units include 2 bedroom/1 bath and 1 bedroom/1 bath layouts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,060
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$741,200
$741.2K
Cap Rate 7%
$529,429
$529.4K
Cap Rate 9%
$411,778
$411.8K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$54.5K $27.24/SF
− Vacancy
−$5.1K −$2.53/SF
EGI
$49.4K $24.71/SF
− OpEx
−$12.4K −$6.18/SF
NOI
$37.1K $18.53/SF
Area
Spotsylvania County, VA
Vacancy
9.30%
Lease Rate
$27.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$741,200
Cap Rate 7%
$529,429
Cap Rate 9%
$411,778
Alternative Uses
Best Use
Office B
$529.4K
$463.3K – $617.7K
NOI $37,060 @ 7.0% cap · market cap 5.29%
Second Best
Mixed Use
$302.1K
$264.4K – $352.5K
NOI $21,150 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$626.9K
$548.6K – $731.4K
NOI $43,884 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Office units
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
364
Businesses Nearby
Explore this area
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 Office in Fredericksburg, VA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick mixed-use property combining a commercial suite, two apartments, tenant laundry, and on-site parking.
Where is this mixed-use property located?
The property is located at 1911 Dixon Street Fredericksburg, VA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Mixed‑use building with 1 commercial unit and 2 residential apartments; Approximately 2,000 square feet of ground‑floor office space; Residential units include 2 bedroom/1 bath and 1 bedroom/1 bath layouts
