Historic District Land Opportunity with Ties to Fredericksburgs Past. Located on iconic Caroline Street in the heart of Downtown Fredericksburg, this .143-acre parcel (6,229 sq ft) offers both historic significance and modern development potential. In 1787, this very site was owned by Revolutionary War hero Dr. Hugh Mercer, who practiced physick and surgery here before the original structure was lost to fire in 1807. Now, the lot stands ready for its next chapteran opportunity to blend Fredericksburgs storied past with a vibrant future. Garage on lot and Zoned for multi-use development, the property allows for up to three residential units or a mixed-use project (buyer to verify). Situated within the Old & Historic District, the site offers walkability to shops, dining, parks, and the Rappahannock River, while providing an irreplaceable Caroline Street address. With nearby land sales trading quickly, and strong demand for residential and investment opportunities downtown, this parcel is ideal for developers, investors, or anyone looking to make their mark in Fredericksburgs most desirable district. Bring your visionand become part of Fredericksburgs history.