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701 Kenmore Ave
Fredericksburg, VA 22401
Mill Race Commons · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Mill Race Commons is a beautifully restored historic building in downtown Fredericksburg, VA.
- The property features high ceilings, exposed beams, lofts, and skylights that preserve its original charm.
EXECUTIVE SUMMARY
Fully restored 28,330 SF historic office building in downtown Fredericksburg’s HUBZone; high visibility, VRE access, owner-user/investor appeal.
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Office
Building Size
31,818 SF
Building Class
B
Year Built/Renovated
1929/2008
Price
$4,400,000
Price Per SF
$138.29
Percent Leased
84%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
14,165 SF
Building FAR
0.52
Lot Size
1.41 AC
Zoning
CM - Mixed-use zoning for creative studios, light manufacturing, and live/work spaces in a walkable, urban setting.
Parking
75 Spaces (2.65 Spaces per 1,000 SF Leased)
AMENITIES
- Atrium
- Controlled Access
- Signage
- Skylights
- Recessed Lighting
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 118-701 | Improvements Assessment | $2,607,300 |
| Land Assessment | $923,300 | Total Assessment | $3,530,600 |
PROPERTY TAXES
Parcel Number
118-701
Land Assessment
$923,300
Improvements Assessment
$2,607,300
Total Assessment
$3,530,600
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MATTERPORT 3D EXTERIOR
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STREET VIEW
STREET
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