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1017 Sophia St

2,840 SF Retail Building Fredericksburg, VA 22401 $1,750,000 ($616/SF)

Investment Highlights

  • Nestled in the vibrant downtown historic district of Fredericksburg on the banks of the Rappahannock River.
  • 2,840 square foot building at 1017 Sophia currently leased to The Pig Pitt restaurant. Leased until 2/28/26; owner user opportunities exist
  • Property consists of 2 parcels. 1009 Sophia consists of parking lot leased to the City of Fredericksburg on a mo-to-mo basis, as a public parking lot
  • Commercial Downtown zoning allows for buyer to redevelop property into various commercial. multi-family or mixed-uses by right

Executive Summary

Welcome to 1009 & 1017 Sophia Street, a unique opportunity to own two parcels totaling .51 acres of prime waterfront property in the heart of Fredericksburg's historic district. Nestled in the vibrant downtown district of Fredericksburg, this property boasts waterfrontage on the Rappahannock River. The 2,840 square foot building is currently leased to The Pig Pitt restaurant, with the lease valid until 2/28/26, ensuring immediate rental income for the new owner. Additionally, a parking lot is leased to the City of Fredericksburg for use as a public parking lot on a month-to-month basis, with this lease also conveying with the sale. The CD (Commercial Downtown) zoning allows for the flexibility of the buyer to redevelop the property into various commercial, residential or mixed-use options by-right, maximizing the potential of this prime location. This is a rare opportunity to invest in a piece of Fredericksburg's rich history while enjoying the benefits of a waterfront property in a bustling downtown setting. Whether you're looking to continue leasing to established tenants, redevelop the property, or create a new waterfront venture, the possibilities are endless. Don't miss out on this exceptional investment opportunity in one of Virginia's most charming and historic towns.

Data Room Click Here to Access

Property Facts

Sale Type
Investment or Owner User
Sale Conditions
Sale Leaseback
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,840 SF
Building Class
C
Year Built
1960
Price
$1,750,000
Price Per SF
$616
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Land Acres
0.28 AC
Zoning
CD - Commercial Downtown zoning offers flexibility for buyer to redevelop the property into various commercial, residential or mixed-use options by-right.
Parking
31 Spaces (10.92 Spaces per 1,000 SF Leased)
Frontage
55 FT on Sophia St

Amenities

  • Restaurant
  • Waterfront
  • Smoke Detector
Walk Score ®
Very Walkable (80)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
14-L6
Land Assessment
$423,700
Improvements Assessment
$191,400
Total Assessment
$615,100
  • Listing ID: 31731987

  • Date on Market: 5/7/2024

  • Last Updated:

  • Address: 1017 Sophia St, Fredericksburg, VA 22401

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