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Renovated Historic Office Building
For Lease
$7,995/Mo

401 HANOVER Street, Fredericksburg, VA 22401

CommercialLease, FREDERICKSBURG, VA

Space Size5,000 SF
Lot Size0.15 Acres
Days on Market47

Property Features for 401 HANOVER Street

General Information

Property type Other
Property subtype Office
Parking 3
Parking features Driveway
Subdivision HISTORIC DISTRICT
High school JAMES MONROE
Elementary school district FREDERICKSBURG CITY PUBLIC SCHOOLS
Middle school district FREDERICKSBURG CITY PUBLIC SCHOOLS
High school district FREDERICKSBURG CITY PUBLIC SCHOOLS
Standard status Active
Lot size 0.15 Acres

Utilities

Heating system Forced Air
Cooling system Central Air

Amenities

full kitchen
private entrances
abundant natural light
hardwood flooring
fireplaces

Building Details

Year built 1851
Building materials Brick
Listing Agency: Coldwell Banker Elite · Coldwell Banker Real Estate
Listed By: Charlotte F Rouse · License #0225193277
Added: Jul 7 Changed: Aug 19 Last Checked: Aug 22 at 9:06AM
MLS# VAFB2010724

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This renovated historic office building offers approximately 5,000 square feet of space configured with 6 rooms and 5.5 bathrooms. The full build-out includes spacious private offices and meeting areas, a full kitchen, and hardwood flooring. Interior features include abundant natural light and seven fireplaces, along with renovated kitchen and bath finishes. The space is served by two private entrances and includes four off-street parking spaces.

The property is located on Hanover Street in Downtown Fredericksburg, within the Historic District. It also sits within a designated HUBZone, which may provide advantages for qualifying businesses.

For tenants seeking a downtown office setting with multiple private entrances, dedicated parking, and a historic character paired with modern updates, this building provides a complete in-place office environment.

Key Highlights

  • Approximately 5,000 SF commercial building with 6 rooms and 5.5 bathrooms
  • Historic brick construction with 7 fireplaces and hardwood flooring
  • Renovated kitchen and bathrooms, plus a full kitchen and multiple private office and meeting spaces

Property Analytics

Current Use

IST Research (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Storage Facility Food Market (Bike/Boat/Book/etc) Store Locksmith Computer & Electronic Repair Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.88 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,978
Businesses Nearby

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

Market

Vacancy Rate% for Office in Fredericksburg, VA

9.1% 2019
10% 2020
8.2% 2021
7.4% 2022
5.8% 2023
7% 2024
7.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Renovated office building with private offices, meeting areas, a full kitchen, two entrances, and four off-street parking spaces.
Where is this office building located?
The property is located at 401 HANOVER Street Fredericksburg, VA.
What is the lease rate?
The lease rate is $7,995/Mo.
What are key features of this property?
This property features: Approximately 5,000 SF commercial building with 6 rooms and 5.5 bathrooms; Historic brick construction with 7 fireplaces and hardwood flooring; Renovated kitchen and bathrooms, plus a full kitchen and multiple private office and meeting spaces
More about this property
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