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1009 & 1017 Sophia Street, Fredericksburg, VA 22401
$1,750,000
1009 & 1017 Sophia Street, Fredericksburg, VA 22401View this property at 1009 & 1017 Sophia Street, Fredericksburg, VA 22401
1009 & 1017 Sophia StreetFredericksburgVA22401
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Property Description
Welcome to 1009 & 1017 Sophia Street, a unique opportunity to own two parcels totaling .51 acres of prime waterfront property in the heart of Fredericksburg's historic district. Nestled in the vibrant downtown district of Fredericksburg, this property boasts water frontage on the Rappahannock River. The 2,840 square foot building is currently leased to The Pig Pitt restaurant, with the lease valid until 2/28/26, ensuring immediate rental income for the new owner. Additionally, a parking lot is leased to the City of Fredericksburg for use as a public parking lot on a month-to-month basis, with this lease also conveying with the sale. The CD (Commercial Downtown) zoning allows for the flexibility of the buyer to redevelop the property into various commercial, residential or mixed-use options by-right, maximizing the potential of this prime location. This is a rare opportunity to invest in a piece of Fredericksburg's rich history while enjoying the benefits of a waterfront property in a bustling downtown setting. Whether you're looking to continue leasing to established tenants, redevelop the property, or create a new waterfront venture, the possibilities are endless. Don't miss out on this exceptional investment opportunity in one of Virginia's most charming and historic towns.
Full Property Details
Full Property Details for 1009 & 1017 Sophia St
General
- Price: $1,750,000
- Taxes: $9,218 (2022)
- Status: Active
- Type: Business
- MLS ID: VAFB2005954
- Updated: 5/7/2024
- Added to Site: 12 day(s) ago
Business
- Business Type: Restaurant/Bar
Rooms
Bathrooms
- Restrooms: 2
Additional Information
- Security/Safety: Electric Alarm, Exterior Cameras
Parking
- Total Spaces: 31
- Parking Type: Parking Lot
Location
- County: Fredericksburg City
- Driving Directions: Fredericksburg, located 50 miles from both Richmond and D.C., is a city steeped in history and culture, yet it's also a hub of modern growth and development. Fredericksburg has experienced significant population and economic growth in recent years, making it one of Virginia's most vibrant and sought-after markets for businesses. The city's expanding population and thriving economy create a robust customer base and ample opportunities for business growth. Positioned at the intersection of major transportation routes, including Interstate 95 and U.S. Route 1, Fredericksburg's economy is diverse and growing, with a mix of industries including healthcare, education, retail, and professional services. The city's strong job market, low unemployment rate, and high quality of life make it an attractive destination Property is located in the sought after Historic District of Fredericksburg on the Rappahannock River. Take William Street into Downtown Fredericksburg. Left onto Sophia Street befor
- City Limits: Yes
Heating & Cooling
- Cooling Type: Roof Mounted, Heat Pump(s)
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Block
- # Loading Docks: 1
- Stories/Levels: 0
- Year Built: 1960
- Year Built Source: Estimated
Unit Information
- # Tenants: Single
Lot Features
- Lot Size (Acres): 0.51
- Lot Size (Sq. Ft.): 22,215
- Lot Size Source: Estimated
- Zoning: CD
Financial Considerations
- Price Per Sq. Ft.: $841.35
- Assessment Year: 2022
- County Tax Freq: Annually
- Tax w/Assessment: $1,035,800
- Tax Amount: $9,218
- Tax Year: 2022
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Ownership: Fee Simple
- Lot Number: 6
Listed by Coldwell Banker Elite, Allison S Graves
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Schools
Schools serving 1009 & 1017 Sophia St
School District:Fredericksburg City Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
Original Walker-Grant School
200 Gunnery Rd, Fredericksburg, VA 22401 | PK-PK | 0.8 mi | |
2100 Cowan Blvd, Fredericksbrg, VA 22401 | K-2 | 1.5 mi | |
3 Learning Ln, Fredericksbrg, VA 22401 | 3-5 | 2.7 mi | |
1 Learning Ln, Fredericksbrg, VA 22401 | 6-8 | 2.6 mi | |
2300 Washington Ave, Fredericksbrg, VA 22401 | 9-12 | 0.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1009 & 1017 Sophia St
Date
Details
Price
Change
Source
5/07/2024
Listed
$1,750,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1009 & 1017 Sophia St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,474
3%
$615,100
—
2023
$5,290
4%
$615,100
—
2022
$5,105
-3%
$615,100
—
2020
$5,255
-6%
$615,100
-6%
2019
$5,590
6%
$657,600
—
2019
$5,261
—
$657,600
—
2018
$5,261
—
$657,600
—
2017
$5,261
4%
$657,600
—
2016
$5,064
-6%
$657,600
-3%
2015
$5,381
7%
$681,200
—
2014
$5,041
100%
$681,200
—
2013
$2,520
—
$681,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1009 & 1017 Sophia St
1009 & 1017 Sophia Street, Fredericksburg, VA 22401 (MLS# VAFB2005954) is a Business property. 1009 & 1017 Sophia Street is currently listed for $1,750,000 and was received on May 07, 2024. Want to learn more about 1009 & 1017 Sophia Street? Do you have questions about finding other Business real estate for sale in Fredericksburg? You can browse all Fredericksburg real estate or contact a Coldwell Banker agent to request more information.