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Property profile & analytics
OFF-MARKET Estimated value $730,000
Commercial real estate

702 Princess Anne St Fredericksburg, VA 22401-5917

2,126 SF 0.09 ac lot Built 1889
Individually Owned Free & Clear
Property ID
US87-0275876
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1889
Total area 2,126 SF
Lot 0.09 ac (3,964 SF)
Zoning code CD
APN 7789-14-5187
UPID US87-0275876
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • mediation solutions in fredericksburg virginia Consultant
  • Kane Perry Krueger, PLC Law Firm
  • Kane Kristie L Plc Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$570k
Comparable Approach Comparable
$743k
Blend (final) Blend
$730k
Owner & transaction history
Gary Caparelli
Gary Caparelli
since 2025
Last sale
$805,000
4 recorded transactions
2025
$805,000
2005
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CD · Fredericksburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

under an ABC retail on-premises license is permitted only as a special use. 72-32.2 Commercial-Downtown District. [Amended 3-25-2014 by Ord. No. 14-14 ; 3-25-2014 by Ord. No. 14-15 ] A. Purpose. The Commercial-Downtown (C-D) District is established to promote harmonious development, redevelopment, and rehabilitation of uses in the commercial areas of the Old…

Zone name Commercial Downtown
General category COMMERCIAL
Zone area 179.77 ac
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