UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID VAFB2010596
Year Built 1986
Annual Tax Amount $4,341
Tax Year 2025
Lot Size 0.470 Acres
Acres 0.47
Property Sub-Type Retail
Source BRIGHT
Property Description
Multiple acquisition opportunities are available:
• Real Estate and Established Restaurant Business: $1,400,000
• Real Estate Only: $1,000,000
• Restaurant Business Only: $400,000 with a new five-year lease at $6,200 per month plus utilities, subject to mutually acceptable lease terms.
The property is improved with an approximately 1,456-square-foot restaurant building situated on approximately 0.473 acres and is zoned CT (Commercial Tourist), allowing a variety of commercial uses subject to City approval. Ideal opportunity for an owner-operator, investor, or entrepreneur seeking a high-visibility location with established commercial infrastructure.
Business financial information and additional due diligence materials are available to qualified purchasers after execution of a confidentiality agreement. All showings are by appointment only. Please do not disturb employees or discuss the sale with staff. Buyer to verify all zoning, square footage, permits, and information deemed material.
Location
State VA
County Fredericksburg City
Zoning CT
Interior
Hot Water Electric
Heating Heat Pump(s)
Cooling Central A/C
Inclusions Real property and improvements. Additional business assets, if any, shall be identified in the final Purchase Agreement or Asset Purchase Agreement.
Heat Source Electric
Exterior
Garage Spaces 15.0
Water Access N
Accessibility None
Total Parking Spaces 15
Garage N
Building
Lot Description Road Frontage, Cleared, Level
Sewer Public Sewer
Water Public
New Construction N
Schools
Elementary Schools Lafayette Upper
Middle Schools Walker Grant
High Schools James Monroe
School District Fredericksburg City Public Schools
Others
Tax ID 7778-55-5507
Ownership Fee Simple
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Financing Conventional,Cash
Special Listing Condition Standard
Nearby School & Business
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