Multi-Tenant Commercial Building in the Heart of Frericksburg VA
***AUCTION*** List price is STARTING BID only. Price TBD at live auction on Thursday, March 31st, 2022 @ 3:30 PM. Commission is contingent upon and will ONLY be paid if Broker Participation Form is received by auction company no later than 5 pm on Wed., March 30th, 2022. NO EXCEPTIONS! Please contact auction company for more information. PUBLIC REAL ESTATE AUCTION EVENT The owners are relocating and downsizing their real estate portfolio, and we have been entrusted to market and sell this desirable multi-tenant commercial building located in downtown Fredericksburg, VA. Boasting an extremely desirable address and already income producing, this will prove to be a smart purchase now and for many years to come. Available downtown commercial property is a rare occurrence, so make plans NOW to Bid Your Price and Make it Yours!!! Live On-Site Auction w/Live Real Time Online Simulcast Bidding for Your Convenience!! Property Tour: Thursday, March 24 @ 2PM SHARP (Feel free to bring your inspector/contractor). 4,500+ finished sf. multi-tenant commercial building on 45'x95' lot located on the corner of Lafayette Blvd. & Sophia St. in downtown Fredericksburg, VA This building features a 1 BR/1 BA upper level apartment w/kitchen, living area and study (potential 2nd BR); a 2 BR/1 BA main level apartment w/shared kitchen space. The main level has a reception area w/fireplace, 5 offices, a storage room and large open warehouse/studio space w/roll up door. The entire building has a total of 2 full bathrooms and 2 half bathrooms. 3,769 +/- finished sf. on main level and 882 +/- finished sf. on upper level Flooring includes carpet, laminate, vinyl tile, hardwood and painted concrete Heating: heat pump services one unit; window mounted heat pumps service remainder of building; gas heat is also available; Cooling via heat pumps and window units; fireplace in the reception area. Public water, sewer & gas; electric water heaters Other features: Currently income producing , and all existing tenants desire to renew leases if new owner agrees; an addition over the majority of the existing structure that would bring the height in line with the adjacent buildings was approved several years ago; recent complete renovation of upstairs apartment; new rubber membrane roof on single level portion of the building; crawl space was reconditioned in late 2021 (disinfected, installed new poly on the ground, and new insulation on front of the building. All work done by PermaTreat); clean termite inspection in late 2021; great potential of AirBnb!! Internet: Cox; Electric: Dominion Energy Dream location within walking distance to all restaurants & businesses downtown; located across from VRE Station; walk to Rappahannock River; minutes from all major thoroughfares (Rts. 1, 2, 3, 17 & I-95)! Tax Map: 47-101; Deed Book: 283/67; Zoning: CD (Commercial Downtown) CLICK HERE for Zoning Info; Yearly City real estate taxes: $4,659; WE GUARANTEE A FREE & CLEAR DEED Only $400,000 Starting Bid!! FOR REALTORS: if you have been working with a Realtor, please have them click here and complete their broker participation form. In order for the Realtor to be compensated, broker forms must be completed and submitted no later than 5 pm on 3/30/22, and all terms adhered to.
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