5,227 Sqft Lot
5,227 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID VAFB2011078
Year Built 1914
Available Date 2026-09-09
Annual Tax Amount $2,736
Tax Year 2025
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
1802 Fall Hill Avenue features two spacious two-bedroom, one-bath residential units. The ground-floor unit has been recently renovated with new flooring, cabinets, appliances, and updated bathroom fixtures, offering an attractive move-in-ready rental. The upper-level two-bedroom, one-bath unit is occupied by a long-term tenant and provides established rental income.
1804 Fall Hill Avenue includes a two-bedroom, one-bath residential unit, an existing convenience store currently operated by the owners, and a two-bedroom, one-bath apartment above the commercial space. The commercial component provides an investor with several potential strategies: continue operating the existing convenience store, lease the space to a new operator, or explore other potential retail, deli, or commercial uses, subject to applicable zoning and approvals.
With four residential units plus commercial income potential, this property provides a diversified investment profile and the opportunity to increase future revenue through strategic improvements and leasing. The residential units have historically maintained strong occupancy, creating an attractive foundation for an investor seeking both immediate income and long-term upside.
The property also offers a substantial amount of common-area space that may present an opportunity for future development, potentially including an additional duplex, subject to zoning, site-plan approval, permitting, and feasibility. On-street parking is available for tenants.
Ideally situated near Mary Washington Hospital and the University of Mary Washington, this property benefits from a convenient location with access to employment, education, medical facilities, shopping, dining, and downtown Fredericksburg.
Four residential units + commercial space + value-add opportunities + potential future development = a compelling investment opportunity in Fredericksburg. Bring your vision and explore the possibilities this property has to offer.
Location
State VA
County Fredericksburg City
Zoning R4
Interior
Hot Water Electric
Heating Forced Air
Cooling Window Unit(s)
Flooring Hardwood, Luxury Vinyl Plank
Heat Source Natural Gas
Exterior
Garage Spaces 10.0
Water Access N
Accessibility Doors - Swing In
Road Frontage City/County
Total Parking Spaces 10
Garage N
Building
Foundation Crawl Space
Sewer Public Sewer
Water Public
New Construction N
Schools
High Schools James Monroe
School District Fredericksburg City Public Schools
Others
Tax ID 7779-87-8541
Ownership Fee Simple
Special Listing Condition Standard
Nearby Locations