Our 2014 Fredericksburg Business Insider sponsors
|Click here for information on sponsorships|
Lindley Estes is a business writer for The Free Lance-Star and Fredericksburg.com. This blog is on Fredericksburg-area business. Send an e-mail to Lindley Estes.
EDA offering cash reward for Caroline St. photo
Fredericksburg’s Economic Development Authority is offering a $500 cash reward for a photo showing the exterior façade of the building at 1010 Caroline St. before it was modernized in 1955.
Tim and Margaret Park have owned the 26,000-square-foot building at 1010 Caroline St. since 1985. They have operated Tim’s Mart, a clothing and wig shop, out of that space throughout their ownership. The Parks are now looking to sell the building and have listed it through Phillip Baxter of CBRE |Fredericksburg.
Baxter is looking for an exterior photo of the original building façade. The second floor of the building previously had windows. It was constructed around 1920.
A photo showing the original façade could help a future buyer qualify for historic rehabilitation tax credits and restore the building to its former state. It would also increase the marketability of the building.
The downtown Fredericksburg that has been home to Tim’s Mart for decades has been for sale for about a year.
The Parks are asking $1.69 million for the property, which is right around the property’s assessed value.
Tim’s Mart will remain open until the building is sold, Baxter said.
Baxter and staff with Fredericksburg’s Department of Economic Development and Tourism have spent months trying to find such a photo.
They have worked with the Historic Fredericksburg Foundation, the Central Rappahannock Heritage Center, the Virginiana room, The Free Lance-Star and numerous private collectors, but have not found any
photos showing the building before the Leggett company renovated it.
Anyone who has a photo showing the historic facade of the building is asked to contact Karen Hedelt with the city’s Department of Economic Development and Tourism at 540-372-1216 or firstname.lastname@example.org.
The first person to submit a qualifying photo will receive the $500 reward. The EDA’s offer expires Dec. 31.