Located in the heart of Fredericksburg, this exceptional 0.544 acre commercial opportunity offers outstanding visibility and versatility in a well established part of town. Positioned approximately 1.2 miles north of Main Street along highly traveled Crabapple Road, the property features approximately 100 feet of road frontage and is positioned in a prime location directly across from Fredericksburg Elementary School. The lot is mostly level and has several large trees, one of which being a beautiful live oak located at the front of the property. The back half of the lot is spacious and has several good sized native pecan trees. This 0.544 acre lot has desirable C-1 commercial zoning already in place. The property presents an outstanding opportunity for a wide variety of potential uses including professional office space, medical or wellness services, short-term rental potential, all of which are subject to city regulations. The combination of strong frontage, central location, C-1 zoning, and existing improvements makes this a rare investment opportunity in an established area of the City of Fredericksburg. The residence was built in 1966 and features approximately 1,300 +/- square feet of living space, comprising three bedrooms and two-and-a-half bathrooms. The home has carpet floors in each of the bedrooms and linoleum floors in the bathrooms and kitchen area. A nice concrete driveway leads you to the attached two car garage.