1504 Princess Anne StFredericksburg, VA 22401

  • Commercial real estate
  • 468 SF
For Sale
$450,000 View listing

Property Details for 1504 Princess Anne St

Year built
1949
Lot size
0.18 AC
Property size (Sq ft)
468 SF
Zone code
CM
Property type
Commercial real estate
APN
7789-06-1955
APU
7789061955

Description

This exceptional 468 square foot retail space at 1504 Princess Anne Street in Fredericksburg, VA, presents a unique opportunity for entrepreneurs and business owners. Located on a bustling thoroughfare leading into the heart of downtown Fredericksburg, this free-standing building offers unparalleled visibility and accessibility. Currently in shell condition, the property provides a blank canvas for customization, allowing you to create a space perfectly tailored to your business needs and brand identity. One bathroom is already installed, providing a solid foundation for your build-out. The property sits on a 0.18-acre lot and is priced at $450,000. Its zoning designation within the Creative Maker district allows for a wide array of uses, including art galleries, studios, workshops, retail boutiques, food and beverage establishments, and creative office spaces. Benefit from high foot traffic and excellent visibility on Princess Anne Street, surrounded by established businesses such as Olde Towne Steak & Seafood, Canal Quarter Arts, Haley's Honey Meadery, Equipment Connection, Sprelly, and Red Dragon Brewery. A walk-in cooler kit is available for purchase separately. This property's prime location and flexible zoning make it an ideal investment for those seeking a high-impact commercial space in a thriving downtown area. Don't miss this chance to establish your business in a vibrant and sought-after location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $113,005
    Hospitality
    $103,512
    Educational
    $86,121
    Medical
    $89,083
    Retail
    $133,966

Location Insight

City
Fredericksburg
County
Fredericksburg City
State
Virginia
Latitude
38.3082
Longitude
-77.4641
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
$2,559
$268,200
$19,300
$287,500
-
$268,200
$19,300
$287,500

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