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1806 Fall Hill Ave 5,309 SF 100% Leased Retail Building Fredericksburg, VA 22401 $1,250,000 ($235.45/SF) 6.95% Cap Rate
INVESTMENT HIGHLIGHTS
- Three lots 11,023 sf
- Two Buildings 5,309 sf
EXECUTIVE SUMMARY
Unlock a rare opportunity to own a fully leased, income-producing mixed-use asset in the heart of Fredericksburg’s growth corridor.
Spanning over 5,300 SF across three lots, this well-maintained property includes four stabilized residential units and a long-standing retail storefront, generating over $86,000 in annual net income. Recent renovations and full occupancy make this a turnkey investment.
Located just blocks from the University of Mary Washington, downtown Fredericksburg, the VRE station, and the FredNats minor league stadium, the property benefits from steady demand and walkable amenities.
There is also potential to convert the 1,400 SF retail space into two 2-bedroom apartments—adding an estimated $8,000–$10,000 in annual income.
This offering presents the ideal combination of strong cash flow, value-add upside, and long-term investment appeal in one of Virginia’s most dynamic small-city markets.
Convenience store also for sale—ask listing agent for details.
Spanning over 5,300 SF across three lots, this well-maintained property includes four stabilized residential units and a long-standing retail storefront, generating over $86,000 in annual net income. Recent renovations and full occupancy make this a turnkey investment.
Located just blocks from the University of Mary Washington, downtown Fredericksburg, the VRE station, and the FredNats minor league stadium, the property benefits from steady demand and walkable amenities.
There is also potential to convert the 1,400 SF retail space into two 2-bedroom apartments—adding an estimated $8,000–$10,000 in annual income.
This offering presents the ideal combination of strong cash flow, value-add upside, and long-term investment appeal in one of Virginia’s most dynamic small-city markets.
Convenience store also for sale—ask listing agent for details.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,309 SF
Building Class
C
Year Built
1914
Price
$1,250,000
Price Per SF
$235.45
Cap Rate
6.95%
NOI
$86,861
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.02
Lot Size
0.12 AC
Opportunity Zone
Yes
Zoning
R-4
Frontage
38’ on Fall Hill Ave
Walk Score®
Very Walkable (79)
Bike Score®
Very Bikeable (84)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 7779-87-8541 | Improvements Assessment | $174,900 |
| Land Assessment | $147,000 | Total Assessment | $321,900 |
PROPERTY TAXES
Parcel Number
7779-87-8541
Land Assessment
$147,000
Improvements Assessment
$174,900
Total Assessment
$321,900
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1806 Fall Hill Ave
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