803 Caroline St Fredericksburg, VA 22401

Property Details for 803 Caroline St

Year built

1806

Lot size

0.04 lot acres

Property size

4,905 SF

Zone code

CD

Property type

Other commercial real estate

APN

7789-14-8742

APU

7789148742

Description

This exceptional mixed-use property, located at 803 Caroline Street in the heart of Historic Downtown Fredericksburg, Virginia, presents a unique investment opportunity. The building boasts 3,609 square feet across three levels, plus a dry basement offering ample storage. The main level currently houses a highly successful retail business, established for over 30 years, featuring two large street-facing windows ensuring high visibility and pedestrian traffic. Two separate entrances serve the main level and the upper two levels, providing flexibility and convenience. The upper levels comprise two apartments, each with an open floor plan, beautiful flooring, high ceilings, and abundant natural light. The property includes 2.5 bathrooms, with a full bath in each apartment and a half bath on the main level. Recent updates include a new roof and upgraded electrical systems, featuring three separate central heating and cooling systems with individual meters. The building's prime location within a high-pedestrian and automobile traffic area ensures consistent foot traffic and visibility, making it ideal for a variety of uses. The basement provides additional storage space, beneficial for the retail business or future tenants. The property's versatility and established income streams make it an attractive investment for discerning buyers seeking a profitable and historically significant property in a thriving downtown area. Appointments are required for showings due to the ongoing business operations.

Location Insight

City

Fredericksburg

County

Fredericksburg City

State

Virginia

Longitude

-77.4583

Latitude

38.302

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments