Jarrell Properties Acquires Key Downtown Fredericksburg Site
Fredericksburg, VA – June 17, 2025 – Coldwell Banker Commercial Elite is proud to announce the successful sale of 1009 & 1017 Sophia Street in historic Downtown Fredericksburg. The transaction was facilitated by Allison Graves, a commercial real estate advisor with Coldwell Banker Commercial Elite.
The .51-acre site, which includes retail, land, and special-purpose zoning, was purchased by Jarrell Properties, a respected local development firm with a strong reputation for preserving and enhancing downtown assets.
Jarrell Properties plans to renovate the site and lease it for flexible commercial uses, with potential options including restaurant, office, retail, or a combination, depending on tenant needs.
“This is a meaningful acquisition for the downtown area,” said Allison Graves. “The Jarrell family has a proven track record of thoughtful development and revitalization, and their stewardship of this property ensures it will remain a vibrant part of the Fredericksburg community.”
Located just steps from the Rappahannock River and in close proximity to shopping, dining, and local attractions, 1009 & 1017 Sophia Street offers a prime location for future tenants and continued investment in the city’s core.
For more information on this sale or other commercial properties in the region, please contact:
Allison Graves
Coldwell Banker Commercial Elite
📞 540.842.4229
📧 agraves@coldwellbankerelite.com
🌐 www.cbcelite.com
