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406 Lafayette Blvd 3,195 SF Retail Building Fredericksburg, VA 22401 $3,807,375 CAD ($1,191.67 CAD/SF) 2.96% Cap Rate
INVESTMENT HIGHLIGHTS
- Downtown location
- Existing in-place income
- Development opportunity
EXECUTIVE SUMMARY
Development opportunity in the City of Fredericksburg with existing income from the existing restaurant and VRE parking lot. Commercial Downtown zoning allows for a variety of by-right uses for both commercial and residential development. Contact agent for more details.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,195 SF
Building Class
C
Year Built
1909
Price
$3,807,375 CAD
Price Per SF
$1,191.67 CAD
Cap Rate
2.96%
NOI
$112,594 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.06 AC
Zoning
CD - Commercial Downtown - By-right commercial and residential uses.
Parking
20 Spaces (6.26 Spaces per 1,000 SF Leased)
Frontage
108’ on Lafayette Blvd
AMENITIES
- Signalized Intersection
Walk Score®
Very Walkable (86)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 7789-13-5040 | Improvements Assessment | $225,193 CAD (2025) |
| Land Assessment | $1,625,140 CAD (2025) | Total Assessment | $1,850,333 CAD (2025) |
PROPERTY TAXES
Parcel Number
7789-13-5040
Land Assessment
$1,625,140 CAD (2025)
Improvements Assessment
$225,193 CAD (2025)
Total Assessment
$1,850,333 CAD (2025)
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406 Lafayette Blvd
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