Log In/Sign Up
Your email has been sent.
406 Lafayette Blvd 3,195 SF Retail Building Fredericksburg, VA 22401 $2,750,000 ($860.72/SF) 2.96% Cap Rate
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
Cap Rate
2.96%
NOI
$81,325
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)
1 of 9
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
406 Lafayette Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.