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Lafayette Station 307 Lafayette Blvd

7,650 SF 11% Leased Office Building Fredericksburg, VA 22401 $2,392,206 CAD ($313 CAD/SF)

Investment Highlights

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

Executive Summary

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

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
7,650 SF
Building Class
C
Year Built
1909
Price
$2,392,206 CAD
Price Per SF
$313 CAD
Percent Leased
11%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,550 SF
Slab To Slab
8’
Building FAR
0.88
Land Acres
0.20 AC
Zoning
CD - Commercial Downtown, City of Fredericksburg: see link
Parking
20 Spaces (2.61 Spaces per 1,000 SF Leased)

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste 2B Basement Level
  • 1,200 SF
  • Office/Retail
  • Partial Build-Out
  • Now

Versatile space, usable as office or gym. Previously occupied by personal trainer, can include full set of gym equipment, free weights, resistance bands, etc.

  • 3rd Fl-Ste 302
  • 1,050 SF
  • Office
  • Full Build-Out
  • Now
Space Size Space Use Condition Available
1st Fl-Ste 2B Basement Level 1,200 SF Office/Retail Partial Build-Out Now
3rd Fl-Ste 302 1,050 SF Office Full Build-Out Now

1st Fl-Ste 2B Basement Level

Size
1,200 SF
Space Use
Office/Retail
Condition
Partial Build-Out
Available
Now

3rd Fl-Ste 302

Size
1,050 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 2B Basement Level

Size 1,200 SF
Space Use Office/Retail
Condition Partial Build-Out
Available Now

Versatile space, usable as office or gym. Previously occupied by personal trainer, can include full set of gym equipment, free weights, resistance bands, etc.

3rd Fl-Ste 302

Size 1,050 SF
Space Use Office
Condition Full Build-Out
Available Now

Walk Score ®
Walker's Paradise (90)
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
7789-13-8306
Land Assessment
$609,366 CAD
Improvements Assessment
$1,015,187 CAD
Total Assessment
$1,624,553 CAD
  • Listing ID: 32060096

  • Date on Market: 2024-06-07

  • Last Updated:

  • Address: 307 Lafayette Blvd, Fredericksburg, VA 22401

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