Waterfront
Address
706 Caroline Street, Fredericksburg, VA
Price
$ 1,575,600
Property Attributes
- MLS#VAFB2003318
- TypePending
- CountyFREDERICKSBURG CITY
- CityFredericksburg
- NeighborhoodDowntown Fredericksburg
- Zip22401
- StyleParking Lot,,Professional,Flex
- Year Built1824
- Taxes$ 7463
- Price$ 1,575,600
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage5319
- Lot Size11,761 SqFt
Data Source:
Bright MLS
Property Description
Fredericksburgs Economic Development Authority (EDA) owns this historic property in the heart of downtown Fredericksburg. Its within a block of Riverfront Park, the Sophia Street Parking Garage, the Courtyard by Marriott hotel and dozens of restaurants, art studios, and retail shops. This is truly a one-of-kind opportunity. This sale includes a 5,319 SF building and a 14 space parking lot. Currently leased by the City of Fredericksburg for The Visitor Center and the Economic Development and Tourism Office for up to 24 months as they build out their new location, this gives the new owner time to plan and get approved any new construction while it is fully leased. Built in 1824 and used originally as a confectionary shop and residence, there were extensive renovations done in 1975 and designated as the "Bicentennial Center"! The front of the building consists of three levels with the visitors center on the main floor and two floors of office space above. There is a large meeting room on the main floor and a large storage area. In the back of the building there is a small 2nd floor office space with a 1/2 bath. There are 2 public bathrooms accessible from the exterior only that must remain public during the lease period only. The 14 space parking lot creates lots of opportunity for creative use of space. The EDA is extending the offer deadline to 5 pm on Wednesday, February 8th. Prospective purchasers should include with their offers a brief description of what they would do with the properties. Showings by Appointment ONLY!
| Price History | |
|---|---|
| 1/12/2023 | Listed $1,575,600 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Heat Pump(s),Zoned |
| Cooling | Central A/C |
| Possession | Subject to Existing Lease |
| Zoning | CD |
| Construction Materials | Brick |
| Year Built | 1824 |
| Property SubType | Mixed Use |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Business Type | Parking Lot,Other,Professional,Flex |
| Accessibility | Other |
| County | FREDERICKSBURG CITY |
| New Construction | No |
| Property Type | Commercial Sale |
| Subdivision Name | DOWNTOWN FREDERICKSBURG |
| Water Access Y/N | No |
| Status | PENDING |
| Directions | I-95 to Exit 130 (Rt. 3 EAST) to a left on William Street,right on Princess Anne Street,left on Charlotte to the building and parking lot on the corner of Caroline Street and Charlotte. |
| ModificationTimestamp | 2024-05-13T17:33:32 |
| City | FREDERICKSBURG |
| Buyer Agent Compensation | 1 |
| Lot Size Square Feet | 11547.00 |
| Tax Assessed Value | 1575600.0 |
| Waterfront Y/N | No |
| Street Name | CAROLINE |
| Tax Annual Amount | 7463.0 |
| Property Condition | Very Good |
| Price Per Sq Ft | 296.22 |
| Historic Y/N | Yes |
| Lease Considered Y/N | No |
| Vacation Rental Y/N | No |
| Virtual Tour | https://my.matterport.com/show/?m=iv1ieZq3MJK&brand=0&mls=1& |
| Days on Market | 121 |
| Standard Status | Pending |
| Year Built Source | Estimated |
| Tax Lot | 37 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Electric |
|---|---|
| Hot Water | Electric |
| Heating Y/N | Yes |
| Street Suffix | STREET |
| Central Air Y/N | Yes |
| Total Restrooms | 4 |
Exterior Features
| Parking Features | Handicap Parking,Paved Parking |
|---|---|
| Water Source | Public |
| Total Parking Spaces | 14 |
| Type of Parking | Parking Lot |
| Water View Y/N | No |
| Building Area Total | 5319.00 |
| Lot Size Acres | 0.27 |
| Lot Size Units | Square Feet |
| Lot Size Source | Estimated |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| Car Parking Spaces | 14 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Pending Average in 22401
Price
Taxes
Visits
Year Built
Walkscore
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Copyright © 2024, Metropolitan Regional Information Systems, Inc. All rights reserved. Information deemed reliable but is not guaranteed. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of MRIS. Information provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Allison James Estates and Homes - Virginia does
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Last Updated: May 13, 2024 4:49 PM UTC
