Multi-Tenant Commercial Building in the Heart of Downtown Fredericksburg, VA

4,500+ sf. multi-tenant commercial building located on the corner of Lafayette Blvd. & Sophia St. in the heart of downtown Fredericksburg, VA -- Zoned Commercial Downtown (CD) -- Commercial & residential tenants in place -- Ideal location across from VRE train station, walking distance to everything downtown and a short drive to all major thoroughfares (Rts. 1, 2, 3, 17 & I-95)!!    


The owners are relocating and downsizing their real estate portfolio, and we have been entrusted to market and sell this desirable multi-tenant commercial building located in downtown Fredericksburg, VA.  Boasting an extremely desirable address and already income producing, this will prove to be a smart purchase now and for many years to come.  Available downtown commercial property is a rare occurrence, so make plans NOW to Bid Your Price and Make it Yours!!!

Live On-Site Auction w/Live Real Time Online Simulcast Bidding for Your Convenience!!

Property Tour:  Thursday, March 24 @ 2PM SHARP (Feel free to bring your inspector/contractor).  Please contact Tony Wilson (540-748-1359) for more information.

  • 4,500+ finished sf. multi-tenant commercial building on 45'x95' lot located on the corner of Lafayette Blvd. & Sophia St. in downtown Fredericksburg, VA
  • This building features a 1 BR/1 BA upper level apartment w/kitchen, living area and study (potential 2nd BR); a 2 BR/1 BA main level apartment w/shared kitchen space.  The main level has a reception area w/fireplace, 5 offices, a storage room and large open warehouse/studio space w/roll up door.  The entire building has a total of 2 full bathrooms and 2 half bathrooms.
  • 3,769 +/- finished sf. on main level and 882 +/- finished sf. on upper level
  • Flooring includes carpet, laminate, vinyl tile, hardwood and painted concrete
  • Heating:  heat pump services one unit; window mounted heat pumps service remainder of building; gas heat is also available; Cooling via heat pumps and window units; fireplace in the reception area.
  • Public water, sewer & gas; electric water heaters
  • Other features:  Currently income producing (please contact Tony Wilson for rents & leases 540-748-1359), and all existing tenants desire to renew leases if new owner agrees; an addition over the majority of the exisiting structure that would bring the height in line with the adjacent buildings was approved several years ago; recent complete renovation of upstairs apartment; new rubber membrane roof on single level portion of the building; crawl space was reconditioned in late 2021 (disinfected, installed new poly on the ground, and new insulation on front of the building.  All work done by PermaTreat); clean termite inspection in late 2021;  great potential of AirBnb!!
  • Internet:  Cox; Electric:  Dominion Energy
  • Dream location within walking distance to all restaurants & businesses downtown; located across from VRE Station; walk to Rappahannock River; minutes from all major thoroughfares (Rts. 1, 2, 3, 17 & I-95)!
  • Tax Map:  47-101; Deed Book:  283/67; Zoning:  CD (Commercial Downtown) CLICK HERE for Zoning Info; Yearly City real estate taxes:  $4,659WE GUARANTEE A FREE & CLEAR DEED
  • Only $400,000 Starting Bid!!

FOR REALTORS:  if you have been working with a Realtor, please have them click here and complete their broker participation form.  In order for the Realtor to be compensated, broker forms must be completed and submitted no later than 5 pm on 3/30/22, and all terms adhered to.

TERMS:  $25,000 deposit is due immediately after confirmation of final bid and the balance due at closing within 30-45 days (unless prior written arrangements have been made by contacting Tony Wilson (540-748-1359).  There is a possibility of a lesser deposit if proof of pre approved financing is presented prior to auction.   Deposits must be in the form of a cashier's check or certified check (from a US bank) made payable to yourself.   A 10% buyer's premium will be added to the final bid, and will become a part of the purchase price. Property sold in as-is condition, and is not contingent upon buyer's financing, condition of property, appraisal, inspection, etc.  Pre-approved (no later than 5 pm on 3/30/22) broker participation is compensated.  Buyer shall close using Lakeside Title & Escrow (540-412-1057).  Auctioneer's Note: All information and dimensions were derived from sources believed to be correct, but are not guaranteed. Buyers shall rely on their own information, judgment, and inspection of the property. All auction day announcements take precedence over any previously printed material or any other oral statements made.

We are happy to offer online/simulcast bidding for bidders who cannot physically attend the live auction event. Please understand and agree that online bidding will only be allowed if the buyer is physically NOT on site at the live auction. Online bidding will NOT be allowed if you are physically in attendance at the live auction event. 

In addition to the above terms and conditions, Please read below if you are participating and registered for LIVE ONLINE SIMULCAST BIDDNG

  • Contact the auction coordinator (his or her name and contact number is on the site under the auction you are bidding on) immediately if you need additional information.
  • Bidder Verification: The identity of all bidders will be and must be verified (via phone, email or text).  Bidding rights are provisional, and if complete verification is not possible, Nicholls Auction Marketing Group, Inc. will reject the registration, and bidding activity will be terminated.
  • At the close of the auction, and seller confirmation, the successful bidder will be emailed or given the contract package to execute and return to Nicholls Auction Marketing Group, Inc. The successful bidder’s earnest money deposit must be in the form of cashier’s or certified check (United States Bank) or wire transfer to Nicholls Auction Marketing Group, Inc. The entirety of the remaining balance is due at closing. Purchaser shall be responsible for all wire transfer fees.
  • Contract Packages will be sent by e-mail or hand delivered to the high bidder, who must execute and hand deliver, email, fax or overnight mail back to Nicholls Auction Marketing Group, Inc., within 24 hours of receipt. If the successful bidder does not execute and return their contract with earnest money deposit within 24 hours of receipt they will be considered in default and subject to legal action. This is a legal binding contract.
  • In the event a winning bidder fails to submit the signed ’Contract for Sale of Real Property’ and deposit earnest money as provided in the pre-stipulated Auction Terms, the winning bidder will be charged an administrative fee of $25,000 on the credit card provided at auction registration. Additional default remedies are reserved by Nicholls Auction Marketing Group, Inc., and the Seller as provided in the Auction Terms & Conditions and the ‘Contract of Purchase’. All administrative fees are non refundable.
  • Any reliance on the contents shall be solely at the recipient’s risk. Bidders must conduct and rely solely upon their own investigations and inspections. The property is being sold ’AS IS’ with any and all faults. Please review all information supplied, and seek appropriate assistance prior to bidding.
  • Technical Issues: Neither the company providing the software nor the auction company shall be held responsible for a missed bid or the failure of the software to function properly for any reason.  In the unfortunate event of a DDOS attack or server attack/shut down, the auction company reserves the right, but is not required, to extend bidding time.  To minimize the chance of being affected by internet or software issues, please use the “Max Bid” feature.