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406 Lafayette Blvd 3,195 SF Retail Building Fredericksburg, VA 22401 $2,750,000 ($860.72/SF)
Investment Highlights
- Downtown location
- Existing in-place income
- Development opportunity
Executive Summary
Development opportunity in the City of Fredericksburg with existing income from the existing restaurant and VRE parking lot. Commercial Downtown zoning allows for a variety of by-right uses for both commercial and residential development. Contact agent for more details.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,195 SF
Building Class
C
Year Built
1909
Price
$2,750,000
Price Per SF
$860.72
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.06 AC
Zoning
CD - Commercial Downtown - By-right commercial and residential uses.
Parking
20 Spaces (6.26 Spaces per 1,000 SF Leased)
Frontage
108’ on Lafayette Blvd
Amenities
- Signalized Intersection
Walk Score®
Very Walkable (86)
Nearby Major Retailers
Property Taxes
| Parcel Number | 7789-13-5040 | Improvements Assessment | $159,700 (2025) |
| Land Assessment | $1,152,500 (2025) | Total Assessment | $1,312,200 (2025) |
Property Taxes
Parcel Number
7789-13-5040
Land Assessment
$1,152,500 (2025)
Improvements Assessment
$159,700 (2025)
Total Assessment
$1,312,200 (2025)
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406 Lafayette Blvd
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