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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.

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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.

Permalink: http://news.fredericksburg.com/businessbrowser/2013/01/02/apartment-restaurant-building-sold-on-william-street/

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