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Business Insider
Bill Freehling is a business writer for The Free Lance-Star and Fredericksburg.com. This blog is on Fredericksburg-area business. Send an e-mail to Bill Freehling.
Apartment, restaurant building sold on William Street
The William Street Apartments in downtown Fredericksburg
A local real estate investor last month purchased two adjacent properties in downtown Fredericksburg that house a restaurant and 23 apartments.
Mike Adams bought the buildings in the 800 block of William Street that house the Jake & Mike’s restaurant and the William Street Apartments.
Adams bought the properties through Perchwood LLC from Malcolm W. Snellings. The sales price was $2.675 million, according to city records.
The deal did not include the Jake & Mike’s restaurant but rather the building in which it operates. Jake & Mike’s is separately owned and operated. Both the restaurant and apartment operation will remain.
