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226 Cambridge St 884 SF 100% Leased Retail Building Fredericksburg, VA 22405 $3,400,000 ($3,846.15/SF) 7.25% Cap Rate
Investment Highlights
- High Income Producing Asset: Generates over $21,000 in monthly revenue from car dealerships and six newly renovated residential units.
- High-Exposure Location: Rt 1 frontage with 93+ parking spaces, just 3/4 mile from Downtown Fredericksburg and 15 minutes to Manheim Auto Auction.
- Versatile Mixed-Use Layout: Includes 2 car lots, 4 residential buildings, and excess land for future development.
Executive Summary
FOR SALE – RARE MIXED-USE INCOME-PRODUCING PROPERTY
Exceptional investment opportunity featuring a unique combination of commercial and residential assets. This rare mixed-use property includes 2 fully operational car lots and 4 residential buildings located just behind the dealerships, comprising 6 newly renovated rental units. Currently generating over $21,000 in monthly income, this property offers a solid cash flow from both the auto sales and rental components. Additionally, there is excess land available for future development, providing even greater upside potential. Ideal for investors seeking a high-yield, multi-faceted asset with room to grow.
Exceptional investment opportunity featuring a unique combination of commercial and residential assets. This rare mixed-use property includes 2 fully operational car lots and 4 residential buildings located just behind the dealerships, comprising 6 newly renovated rental units. Currently generating over $21,000 in monthly income, this property offers a solid cash flow from both the auto sales and rental components. Additionally, there is excess land available for future development, providing even greater upside potential. Ideal for investors seeking a high-yield, multi-faceted asset with room to grow.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
884 SF
Building Class
B
Year Built
2004
Price
$3,400,000
Price Per SF
$3,846.15
Cap Rate
7.25%
NOI
$246,500
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.02
Lot Size
1.00 AC
Zoning
B2
Parking
93 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
220’ on Cambridge St
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 53-60 | Improvements Assessment | $690,200 |
| Land Assessment | $710,800 | Total Assessment | $1,401,000 |
Property Taxes
Parcel Number
53-60
Land Assessment
$710,800
Improvements Assessment
$690,200
Total Assessment
$1,401,000
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226 Cambridge St