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429 Wallace St
Fredericksburg, VA 22401
Retail Property For Sale
Executive Summary
Key Features
5,004 SF
Four (4) roll-up doors
Large fenced yard on 0.19 acres
12’ ceiling
Transmission Shop
Sale Price: $900,000
Income: $72,000/year
Expenses $11,122
Lease Information
Lease: 10 years from 11/01/23 – 10/31/33
Years 1 – 5: $72,000/year
Years 6-10: Market rent to be determined
5,004 SF
Four (4) roll-up doors
Large fenced yard on 0.19 acres
12’ ceiling
Transmission Shop
Sale Price: $900,000
Income: $72,000/year
Expenses $11,122
Lease Information
Lease: 10 years from 11/01/23 – 10/31/33
Years 1 – 5: $72,000/year
Years 6-10: Market rent to be determined
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
5,004 SF
Building Class
C
Year Built
1964
Price
$1,250,730 CAD
Price Per SF
$249.95 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.44 AC
Opportunity Zone
Yes
Zoning
CT
Parking
11 Spaces (8.99 Spaces per 1,000 SF Leased)
Frontage
111’ on Wallace St
Property Taxes
| Parcel Number | 7779-69-9799 | Improvements Assessment | $445,355 CAD |
| Land Assessment | $236,322 CAD | Total Assessment | $681,677 CAD |
Property Taxes
Parcel Number
7779-69-9799
Land Assessment
$236,322 CAD
Improvements Assessment
$445,355 CAD
Total Assessment
$681,677 CAD
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