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2015 Princess Anne St
Fredericksburg, VA 22401
Land For Sale
·
1.76 AC
Investment Highlights
- Development-ready site encompassing 1.76 acres in Downtown Fredericksburg.
- Direct connectivity to the Rappahannock River Heritage Trail and Canal Path for walking and biking.
- Utilities in place with a clean archaeological report for seamless due diligence.
- Fully entitled for 21 townhomes with GDP approval through February 2026.
- Located in the Creative Maker District, supporting diverse residential and lifestyle amenities.
- Walkable to University of Mary Washington, VRE station, and Downtown Fredericksburg’s vibrant mix of dining, retail, and services.
Executive Summary
The site backs directly onto the Rappahannock River Heritage Trail and Canal Path, offering a walkable and highly connected environment with direct trail access for biking and recreation. Located in the Canal Quarter neighborhood, the property sits along Fredericksburg’s primary entry corridor, just steps from the University of Mary Washington, MW Healthcare medical offices, and the historic downtown district. Residents will enjoy proximity to diverse dining, boutique retail, and cultural amenities in one of Virginia’s fastest-growing markets.
Surrounded by established neighborhoods and new redevelopment projects, this property represents a turnkey development solution for builders and investors seeking strong absorption potential and long-term demand drivers in an infill setting with limited supply of new residential product.
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 1.76 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | CH - Commercial/Industrial | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 1.76 AC |
| Opportunity Zone |
Yes |
| Zoning | CH - Commercial/Industrial |
1 Lot Available
Lot
| Lot Size | 1.76 AC |
| Lot Size | 1.76 AC |
1.76-acre infill lot in Downtown Fredericksburg, VA, fully entitled for 21 townhomes. Zoned CM with utilities on site and direct access to the Rappahannock River Heritage Trail. Walkable to downtown amenities, VRE station, and University of Mary Wash
Description
2015 Princess Anne Street offers an exceptional infill development opportunity in the heart of historic Fredericksburg, Virginia. The 1.76-acre site is fully entitled for 21 luxury townhome lots, providing a streamlined path to construction. Zoned Creative Maker District (CM), the property supports innovative residential design within one of the region’s fastest-growing urban corridors. This highly walkable location is situated at the city’s entryway to Downtown Fredericksburg and enjoys immediate access to the Rappahannock River Heritage Trail and Canal Path, offering a distinctive lifestyle amenity for future residents. Surrounding the site is a vibrant mix of dining, boutique retail, cultural venues, and educational institutions, including the University of Mary Washington and its health system campus. The site is also within walking distance of the VRE commuter rail station, providing direct connectivity to Northern Virginia and Washington, D.C. Utilities are in place, and a clean archaeological report simplifies development due diligence. With Fredericksburg consistently ranking as one of Virginia’s fastest-growing markets, this property represents a rare chance to deliver much-needed residential product in a dynamic and amenity-rich setting.
Property Taxes
| Parcel Number | 7779-98-1946 | Improvements Assessment | $0 CAD |
| Land Assessment | $911,831 CAD | Total Assessment | $911,831 CAD |
Property Taxes
