Building Details

Year Built 1880

Year Renovated 1970

Buildings 2

Stories 2

Listed By: Jackie Jerndal Show Phone

Added: Nov 5, 2025 Changed: Mar 16

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Investment Insights

Based on property information with market context.

This commercial space, located in downtown Fredericksburg, offers approximately 700 sq ft of versatile area suitable for a small business, studio, workshop, contractor, or storage with office setup. The property features a large garage or workshop area, ample built-in storage shelving, and a separate office or work area. A full bathroom with a utility sink is included. Dedicated parking is provided. The property is zoned commercial, allowing for many potential uses. It offers convenient access to major roads, the Virginia Railway Express (VRE), shopping, and restaurants.

Property Analytics

Property Profile

Current Use

Flex space

Suggested Use

Top Pick Auto Parts Store Auto Repair Shop Grocery & Convenience Store Storage Facility Furniture & Home Goods Bakery

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

$3.15 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

1,621

Businesses Nearby

Under-served

Demand for This Use

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

Market

Vacancy Rate% for Industrial in Fredericksburg, VA

5.1% 2019

4.8% 2020

2.7% 2021

2% 2022

4.5% 2023

7.4% 2024

4.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the lease rate? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Flex space Garage/Workshop

Where is this flex space located?

The property is located at 511 Spottswood St Unit 5 Fredericksburg, VA.

What is the lease rate?

The lease rate is $21 SF/Yr.