Fredericksburg, VA 22401,706 CAROLINE ST
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Fredericksburg, VA 22401,706 CAROLINE ST
Fredericksburg, VA 22401,706 CAROLINE ST
Fredericksburg, VA 22401,706 CAROLINE ST
Fredericksburg, VA 22401,706 CAROLINE ST

$1,337,500

Est. payment /mo

$1,575,600

15.1%
Est.Price: ?

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706 CAROLINE ST Fredericksburg, VA 22401

5,319 SqFt

SOLD DATE : 05/31/2024

Key Details

Sold Price $1,337,500

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 5,319 sqft

Price per Sqft $251

Subdivision Downtown Fredericksburg

MLS Listing ID VAFB2003318

Sold Date 05/31/24

Originating Board BRIGHT

Year Built 1824

Annual Tax Amount $7,463

Tax Year 2022

Lot Size 0.265 Acres

Acres 0.27

Property Description

Fredericksburg’s Economic Development Authority (EDA) owns this historic property in the heart of downtown Fredericksburg. It’s 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.

Location

State VA

County Fredericksburg City

Zoning CD

Interior

Hot Water Electric

Heating Heat Pump(s), Zoned

Cooling Central A/C

Heat Source Electric

Exterior

Garage Spaces 14.0

Waterfront N

Water Access N

Accessibility Other

Total Parking Spaces 14

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

Elementary Schools Hugh Mercer

Middle Schools Walker Grant

High Schools James Monroe

School District Fredericksburg City Public Schools

Others

Tax ID 7789-14-8383

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Suzy Stone • Lando Massey Real Estate
Bought with NON MEMBER • Non Subscribing Office

Greg Kolandjian

Team Leader | License ID: 0225205024

+1(540) 737-8150

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