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Property Description
Historic Prestige. Modern Functionality. Exceptional Downtown Location. A distinctive opportunity to own or occupy an impressive commercial property in the heart of historic Fredericksburg. Located at 401 Hanover Street, this beautifully adapted circa-1851 Greek Revival property combines the architectural presence and character of one of Fredericksburg's historic buildings with the functionality required by today's professional business environment. Offering approximately 5,830 square feet of total building area on approximately 0.15 acre, the property provides an attractive configuration for professional and executive office users. Features include multiple private offices and meeting spaces, abundant natural light, a full kitchen, private entrances and valuable off-street parking-a significant advantage in Downtown Fredericksburg. The property is currently identified as C-T, Commercial/Office-Transitional zoning. The City of Fredericksburg describes the C-T district as providing for predominantly nonresidential commercial uses in a lower-intensity setting, designed to create an appropriate transition between residential neighborhoods and higher-intensity commercial uses. This zoning and the property's existing commercial configuration may make it well suited for a variety of professional applications, subject to City approval and applicable conditional zoning, including: "¢ Law, accounting and professional offices "¢ Financial or wealth-management firms "¢ Real estate, title or settlement companies "¢ Architecture, engineering or design firms "¢ Government contractors and consulting firms "¢ Technology and research companies "¢ Executive or corporate headquarters "¢ Other professional, institutional or commercial uses as permitted Adding to its strategic appeal, 401 Hanover Street is located within Fredericksburg's Downtown/Princess Anne Street Technology Zone, creating an especially compelling location for technology-oriented and government-contracting businesses. The property also benefits from its location within Downtown Fredericksburg's historic environment, surrounded by established businesses, professional services, restaurants, shops and the amenities that make the city center an increasingly desirable business destination. With its prominent Hanover Street address, historic architectural pedigree, commercial functionality and proximity to Downtown Fredericksburg's business and government core, 401 Hanover Street presents a rare opportunity for an owner-user, investor or organization seeking a headquarters property with both distinction and presence. Property Highlights: Approximately 5,830 SF | C-T Commercial/Office-Transitional Zoning | Circa 1851 Greek Revival Architecture | Commercial/Office Use | Off-Street Parking | Full Kitchen | Multiple Offices & Meeting Areas | Downtown/Princess Anne Street Technology Zone | Historic Downtown Fredericksburg Location | Municipal Water & Sewer
Full Property Details
Full Property Details for 401 Hanover St
General
- Price: $7,995
- Status: Active
- Type: Commercial Lease
- Source: BrightMLSMidAtlantic
- MLS ID: VAFB2010724
- Updated: 9/4/2026
- Added to Site: 95 day(s) ago
Business
- Business Type: Professional
Rental Information
- Lease/Rent Term: 24 Months
Interior
- Flooring: Wood
Rooms
Bathrooms
- Restrooms: 6
Parking
- Total Spaces: 3
- Parking Type: Driveway
Location
- County: FREDERICKSBURG CITY
- Subdivision: HISTORIC DISTRICT
- Driving Directions: Take Exit 130A toward Fredericksburg / Route 3 East. Continue on Plank Road (Route 3) toward Downtown Fredericksburg. Left on William St, Right on Hanover St, Continue a short distance to 401 Hanover Street, which will be on your left.
- City Limits: Yes
School Information
- High School: James Monroe
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Roof: Slate
- Aprox. Leasable: 7,000 Sq. Ft.
- Current Bldg. Use: Office
- Year Built: 1851
- Year Built Source: Estimated
Unit Information
- Other Units: Unit 1, Unit 1, Unit 1, Unit 1, Unit 1
Lot Features
- Lot Size (Acres): 0.15
- Lot Size (Sq. Ft.): 6,560
- Lot Size Source: Estimated
- Zoning: CT
Financial Considerations
- Price Per Sq. Ft.: $1.14
- Security Deposit: $7,995
Disclosures and Reports
- Ownership: Other
- Inclusions: Parking Included In List Price
- Purchase Optional: Yes
Listed by Coldwell Banker Elite, Charlotte F Rouse
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Schools
Schools serving 401 Hanover St
School District:Fredericksburg City Public Schools
| Name | Grades | Distance |
|---|---|---|
Hugh Mercer Elementary School 2100 Cowan Boulevard, Fredericksburg, VA 22401 | K-2 | 1.4 mi |
Lafayette Upper Elementary School 3 Learning Lane, Fredericksburg, VA 22401 | 3-5 | 2.4 mi |
Walker-Grant Middle School One Learning Lane, Fredericksburg, VA 22401 | 6-8 | 2.3 mi |
James Monroe High School 2300 Washington Avenue, Fredericksburg, VA 22401 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 401 Hanover St
Date
Details
Price
Change
Source
7/07/2026
Listed
$7,995
—
MLS
Disclaimer: Historical sales 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 401 Hanover St
401 Hanover Street, Fredericksburg, VA 22401 (MLS# VAFB2010724) is a Commercial Lease property. 401 Hanover Street is currently listed for $7,995 and was received on July 07, 2026. Want to learn more about 401 Hanover Street? Do you have questions about finding other Commercial Lease real estate for sale in Fredericksburg? You can browse all Fredericksburg real estate or contact a Coldwell Banker agent to request more information.

