816 William StFredericksburg, VA 22401

Property Details for 816 William St

Year built

1958

Lot size

0.16 AC

Property size (Sq ft)

5,520 SF

Zone code

CD

Property type

Other commercial real estate

APN

7779-83-9965

APU

7779839965

Description

This exceptional 5,520-square-foot mixed-use building, located at 816 William Street in the heart of Downtown Fredericksburg, Virginia, presents a unique investment opportunity. The property, constructed in 1958 and extensively renovated in 2023, boasts a desirable location near the University of Mary Washington and Fredericksburg's vibrant retail and restaurant district. The building features a blend of commercial and residential space, with office space on the ground floor and residential units on the second floor. Currently operating at 100% occupancy, the property includes five units in total: three residential units and two office units. The building sits on a 0.15-acre lot and offers convenient off-street parking. Zoned CD, this two-story, freestanding building offers excellent visibility and frontage on William Street. This is a rare opportunity to acquire a fully leased, recently renovated property in a thriving downtown area. The strong rental income and prime location make this an attractive investment for both seasoned and new investors seeking a stable and appreciating asset. The building's recent renovations ensure long-term value and minimize immediate maintenance needs. This property is ready for immediate income generation and offers significant potential for future appreciation.

• Alternative Use

  Use

  Valuation

  Residential

  $1,332,884

  Hospitality

  $1,220,915

  Educational

  $1,015,787

  Medical

  $1,050,721

  Retail

  $1,580,113

Location Insight

City

Fredericksburg

County

Fredericksburg City

State

Virginia

Latitude

38.3

Longitude

-77.4684

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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