Fredericksburg’s Economic Development Authority (EDA) purchased the property at 700-706 Caroline Street from the City of Fredericksburg in December. The EDA is now marketing the property to prospective purchasers.
The City is leasing back the property while it plans a new Visitor Center and Economic Development and Tourism Office at 601 Caroline Street (Executive Plaza).The property includes a historic, 5,319-square-foot building and a 14-space parking lot (two separate parcels).
The EDA is taking offers for this property until January 31. Prospective purchasers should include with their offers a brief description of what they would do with the properties. The asking price for both properties is $1,575,000.