307 Lafayette Blvd - Office FOR SALE


Fredericksburg, VA 22401
$1,700,000 USD
540-898-3242
307 Lafayette Blvd, Fredericksburg, VA for Sale
$1,700,000 USD
Office - FOR SALE
1/25
null | Request Cap Rate

307 Lafayette Blvd
Fredericksburg, VA 22401


HIGHLIGHTS

  • Opportunity for Owner/Occupant or Investor
  • Partially occupied, income producing
  • Directly adjacent to Fredericksburg VRE Train Station
  • Ideally located in Downtown Fredericksburg
  • Off-Street Parking Available
  • Priced below Active Comps in Downtown Fredericksburg (per sqft)

OVERVIEW

Well-maintained masonry construction office building in the Historic District of Downtown Fredericksburg, VA. Lafayette Station is located in direct proximity to the major intersection of Lafayette Blvd and Kenmore Ave, along one of the two main entry arteries to the bustling and ever-evolving Downtown Fredericksburg. With off-street parking, a central location for professionals, within walking distance of the train station served by the Virginia Railway Express, and countless walkable restaurants and amenities. Convenient Route 3 and Route 2 access direct from property. Three story building with elevator access to upper floors, in the midst of a new development area along Lafayette Blvd in Downtown Fredericksburg, VA's Historic District. Partially occupied, offering supplemental rental income to an owner occupant. There are two spaces available to occupy in the basement level, with additional space on the 2nd floor for immediate occupancy. With short term leases throughout the building, offers some flexibility for the future use of the whole building, dependent upon the new ownership's goals. The building is located within the Lafayette Station property owner's association, offering some shared parking to commercial occupants, and the building also has it's own exclusive parking, off-street. The parking lot and trash removal are maintained by the POA. Shown by scheduled appointment only. Rent Roll available upon request, not being sold based upon capitalization rate

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$222 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Lafayette Station

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1909

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

CD

APN/PARCEL ID

61-307,7789138306

ASK ABOUT THIS PROPERTY

Jonathan GardnerVakos Real Estate ServicesMore Info
540-898-3242

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Jonathan GardnerVakos Real Estate ServicesMore Info
540-898-3242

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.