702 Princess Anne StFredericksburg, VA 22401

For Sale
$850,000 View listing
  • Commercial real estate
  • 2,126 SF

Property Details for 702 Princess Anne St

Year built
1889
Lot size
0.09 AC
Property size (Sq ft)
2,126 SF
Zone code
CD
Property type
Commercial real estate
APN
7789-14-5187
APU
7789145187

Description

This exceptional 2,126 square foot office building, situated on a 0.09-acre lot at 702 Princess Anne Street in Fredericksburg, Virginia, presents a unique investment opportunity. Its enviable location directly across from the courthouse ensures high visibility and accessibility. The property's classic architectural details are complemented by modern functionality, creating a sophisticated and inviting workspace. The layout includes a welcoming entryway and reception area, five individual offices providing ample space for various business needs, and a dedicated conference room ideal for meetings and presentations. An upper-level loft adds versatility and potential for expansion or specialized use. Adding to the convenience, six off-street parking spaces are provided for employees and clients. Further enhancing the space is a wet bar conveniently located near the rear exit, and one and a half bathrooms. A full-length front porch enhances the building's historic charm and provides a pleasant outdoor area. Priced at $850,000, this property offers a compelling blend of historic character and modern amenities, making it an ideal choice for businesses seeking a prominent presence in the heart of downtown Fredericksburg. The combination of location, features, and price makes this a truly exceptional opportunity.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $513,354
    Hospitality
    $470,229
    Educational
    $391,225
    Medical
    $404,680
    Retail
    $608,572
702 Princess Anne St, Fredericksburg, Virginia
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Location Insight

City
Fredericksburg
County
Fredericksburg City
State
Virginia
Latitude
38.3005
Longitude
-77.4592
CBSA code
47900
CBSA name
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$4,406
$217,800
$277,200
$495,000
-
$217,800
$277,200
$495,000

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