1009 Sophia St Fredericksburg, VA 22401
- Commercial real estate
- 0.23 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1009 Sophia St
- Lot size
- 0.23 lot acres
- Zone code
- CD
- Property type
- Commercial real estate
- APN
- 7789-15-7716
- APU
- 7789157716
Description
This exceptional Fredericksburg investment opportunity encompasses two parcels totaling 0.51 acres of prime waterfront land on the Rappahannock River, situated in the heart of the historic district. The property includes a 2,080 square foot building currently leased to The Pig Pitt restaurant under a lease extending until February 28, 2026, providing immediate rental income. A separate parking lot is leased month-to-month to the City of Fredericksburg, and this lease will transfer with the sale. The property's CD (Commercial Downtown) zoning allows for diverse redevelopment options, including commercial, residential, or mixed-use projects, without the need for variances. This presents a unique chance to capitalize on the vibrant downtown location and the potential for future development. The combination of existing income-generating leases, waterfront access, and flexible zoning makes this a truly rare and compelling investment in one of Virginia's most desirable historic towns. The property's location within the bustling downtown area ensures high visibility and accessibility, further enhancing its investment potential. This is an opportunity to own a piece of Fredericksburg's rich history and vibrant future.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fredericksburg
- County
- Fredericksburg City
- State
- Virginia
- Longitude
- -77.4587
- Latitude
- 38.3049
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
