Downtown Culpeper mixed-use property sold for $3.95M
Property includes 25 residences, 9 commercial spaces
The Waters Place mixed-use property in downtown Culpeper has been sold for $3.95 million, Cushman & Wakefield | Thalhimer announced this week. The redevelopment and new building at 201 Waters Place includes 25 residential units and nine commercial spaces.
Waters Place sits on half an acre and includes a renovated warehouse from circa 1900, as well as the South Building completed in 2018. Commercial tenants include the Beer Hound Brewery, Wine and Design, and Velo Concepts Café. The property was purchased from OPRE Culpeper LLC as an investment, and John Pritzlaff and Jenny Stoner of Thalhimer handled the sale negotiations on the seller’s behalf. The firm said it could not divulge the buyer’s name.
The property was appraised at $1.89 million in 2020, according to Culpeper records.