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1315-1317 Princess Anne St 3,751 SF Retail Building Fredericksburg, VA 22401 $2,100,000 ($559.85/SF) 7% Cap Rate
Executive Summary
Key Features
4 luxury studio apartments and 5 one bedroom apartments
High end finishes including hardwood floors, stainless steel appliances, granite countertops, marble tile bathrooms with tub/shower combo
Fully renovated, successful restaurant/bar with outdoor patio, large bar area, full kitchen and upgraded restrooms
7 cap of NOI
Asking Price: $2.1 million
4 luxury studio apartments and 5 one bedroom apartments
High end finishes including hardwood floors, stainless steel appliances, granite countertops, marble tile bathrooms with tub/shower combo
Fully renovated, successful restaurant/bar with outdoor patio, large bar area, full kitchen and upgraded restrooms
7 cap of NOI
Asking Price: $2.1 million
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,751 SF
Building Class
C
Year Built
1939
Price
$2,100,000
Price Per SF
$559.85
Cap Rate
7%
NOI
$147,000
Tenancy
Single
Building Height
2 Stories
Building FAR
0.86
Lot Size
0.10 AC
Zoning
CT
Frontage
30’ on Princess Anne St
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 30-1315 | Improvements Assessment | $759,400 |
| Land Assessment | $196,100 | Total Assessment | $955,500 |
Property Taxes
Parcel Number
30-1315
Land Assessment
$196,100
Improvements Assessment
$759,400
Total Assessment
$955,500
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1315-1317 Princess Anne St