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$1,895,000

Beds
7
Baths
3.5
sq ft
4,335

415 William St, Fredericksburg, VA 22401

415 William St

FREDERICKSBURG, VA 22401

  • 383 days on market
Unique Beautifully Renovated Mixed-Use Historic Building in Downtown Fredericksburg . 3 income producing units totaling 4435 sq ft. OWNER Financing available ! With 30% down, owner financing @ 5% for 5 years with a balloon. One of a kind, beautiful turnkey mixed use Historic Building in Downtown Fredericksburg. Stunning brick exterior featuring Spanish Cedar shutters. Located on Restaurant Row and close to all local shops. One commercial space and two separate living spaces, including an independent cottage totaling 4,435 sq. ft. Like new building renovated by an award winning, local Contractor. Off street compact parking with six spots (2 for each unit). All paving, both parking and courtyard are permeable. Introducing the ultimate mixed-use property located in the heart of downtown - a place where city living and income potential are perfectly intertwined! This property offers endless possibilities for both residential and commercial use. Featuring a modern storefront on the ground floor, entrepreneurs have the opportunity to set up shop and tap into the bustling downtown market. Meanwhile, residents can look forward to luxurious living spaces upstairs with breathtaking views of the city. If you're searching for a mixed-use property with great income potential and luxury living, then this is your perfect investment opportunity! This stunning mixed-use property combines convenience, versatility, and modern design to create an exceptional lifestyle for you. 415 William Street (Commercial Use) Beautiful, 1332 sq. ft open floor plan commercial space with oversized retail windows, 10 ft ceilings, and new rear addition. Accents of exposed brick, new hardwood flooring, new Geothermal HVAC, new electrical and plumbing, and separately metered electric service. One handicap accessible bathroom. Access to the basement with the hinged floor door. Plenty of storage with an interior closet in addition to two exterior closets protected by an enclosed gate. Shared use of the back patio. Off street compact parking with two spots. 415-A William Street Two stories, 2,306 sq. ft space with endless possibilities. Entering the foyer, the gorgeous hardwood steps guide you to the spacious 2nd floor with 10 ft. ceilings and hardwood flooring throughout. The half bathroom features a pedestal. Moving in the first room you will find a gorgeous brick fireplace (rebuilt) and oversized windows. Flowing into the second room, with a matching brick fireplace (rebuilt) you will find a useful closet. An additional third room is perfect for a private workspace. Completing the 2nd floor is the large eat-in kitchen and family room(new rear addition)featuring white cabinetry, stainless steel appliances (2020), gas range, walk in pantry, and a large additional closet that could be converted for an elevator to the rear patio. Large skylights allow natural light to gleam throughout the family room. Enjoy access to the back deck (2022), along with access to the shared patio. Moving to the third-floor landing, you will be greeted by the full bathroom with tile flooring, tile shower and washer/dryer. Built-in closet storage throughout the hall. Transom windows in each doorway allow natural sunlight to flow. 3 rooms and an additional bathroom complete the third floor. New plumbing, electrical, insulation, baths throughout. Separately metered electric service and Propane gas service. Geothermal HVAC. Off-street compact parking with two spots. 415-B New, gorgeous cottage with 797 sq. ft. built with ICF’s, producing a very energy efficient and quiet building. The open floor plan includes a full kitchen with white cabinetry, white appliances and pantry. 1 full bathroom with walk-in shower, oversized vanity and stacked washer and dryer. 2nd floor loft with closet featuring commercial grade carpet flooring. HVAC by wall mounted “split” systems. Separately metered electric service. Shared use of private patio. Off-street compact parking with two spots.

Details

Property type

Townhouse

Lot size

3 sq ft

Price per sq ft

$438

Year built

1826

Annual property taxes

$7,291

HOA

No

Price History

06/16/2023

Bright #VAFB2004182

Listed
$1,895,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

FREDERICKSBURG CITY PUBLIC SCHOOLS

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Union Bank And Trust Comp

Loan start date

July 2009

Original loan amount

$25,000

Est. remaining balance

Not provided

Interest rate

4.79%

Loan type

Credit Line (Revolving)

Seller

Gary R Limbrick and Cathy L Limbrick

Lender

Union Bank And Trust Comp

Loan start date

May 2008

Original loan amount

$314,937

Est. remaining balance

Not provided

Interest rate

5.67%

Loan type

Credit Line (Revolving), 5 year

Seller

Gary R Limbrick and Cathy L Limbrick

Lender

Fredericksburg Commerical

Loan start date

August 2006

Original loan amount

$14,516

Est. remaining balance

Not provided

Interest rate

6.79%

Loan type

Not Provided

Seller

Gary R Limbrick and Cathy L Limbrick

Lender

Union Bank And Trust Comp

Loan start date

February 2006

Original loan amount

$224,000

Est. remaining balance

Not provided

Interest rate

5.76%

Loan type

Credit Line (Revolving), 7 year

Seller

Gary R Limbrick and Cathy L Limbrick

Lender

Seller

Loan start date

June 1996

Original loan amount

$250,000

Est. remaining balance

Not provided

Interest rate

7.95%

Loan type

Commercial

Seller

Gary R Limbrick

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 07/03/2024 at 10:50 AM

Listing updated: 04/17/2024 at 1:43 PM

Listed by: Charlotte F Rouse, Coldwell Banker Elite Phone #: (540) 735-2600

MLS: Bright #VAFB2004182

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