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710 Princess Anne St
Fredericksburg, VA 22401
Office Property For Sale


Investment Highlights
- Three office suites are fully leased with established tenancy.
- Rare on-site parking supports tenant convenience.
- Mixed-use configuration combines office and residential income sources.
- Three apartment units are fully leased and occupied.
- Tenant signage is available for office occupants.
- Located within Fredericksburg's Central District zoning area.
Executive Summary
710 Princess Anne Street presents a fully leased mixed-use investment opportunity in Fredericksburg, Virginia. The property consists of three office spaces and three apartment units, creating a diversified income stream from both commercial and residential tenants. According to the marketing materials, all office spaces and apartments are currently leased, providing immediate occupancy and established tenancy.
Positioned within Fredericksburg's historic urban core, the property benefits from proximity to downtown businesses, government offices, restaurants, and residential neighborhoods. The location offers convenient access to regional transportation corridors serving the greater Fredericksburg area, Washington, D.C., and Richmond, supporting both residential demand and office tenancy. The property's Central District (CD) zoning provides a downtown setting consistent with mixed-use development patterns in the surrounding area.
A notable feature is the availability of rare on-site parking, an amenity that can be difficult to secure in established downtown locations. Tenant signage opportunities further enhance visibility and identity for office occupants. The combination of office and apartment components, coupled with full occupancy and a downtown location, creates an investment opportunity supported by multiple tenant types and established use.
Positioned within Fredericksburg's historic urban core, the property benefits from proximity to downtown businesses, government offices, restaurants, and residential neighborhoods. The location offers convenient access to regional transportation corridors serving the greater Fredericksburg area, Washington, D.C., and Richmond, supporting both residential demand and office tenancy. The property's Central District (CD) zoning provides a downtown setting consistent with mixed-use development patterns in the surrounding area.
A notable feature is the availability of rare on-site parking, an amenity that can be difficult to secure in established downtown locations. Tenant signage opportunities further enhance visibility and identity for office occupants. The combination of office and apartment components, coupled with full occupancy and a downtown location, creates an investment opportunity supported by multiple tenant types and established use.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
5,923 SF
Building Class
B
Year Built
1889
Price
$1,500,000
Price Per SF
$253.25
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,690 SF
Building FAR
0.97
Lot Size
0.14 AC
Zoning
CD - Commercial Downtown (CD)
Offers a wide variety of commercial and residential uses.
Parking
10 Spaces (1.69 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 7789-14-5216 | Improvements Assessment | $637,400 |
| Land Assessment | $444,200 | Total Assessment | $1,081,600 |
Property Taxes
Parcel Number
7789-14-5216
Land Assessment
$444,200
Improvements Assessment
$637,400
Total Assessment
$1,081,600
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