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107 Pegram Ln Fredericksburg, VA 22408

Commercial land Google Maps
0.52 ac lot
Individually Owned 1-yr Hold Absentee Owner Free & Clear
107 Pegram Ln, Fredericksburg, VA 22408 For Sale
$299,900
107 Pegram Ln, Fredericksburg, VA 22408
View Listing →
Estimated value (blended)
$260k
Range $234k – $286k (±10%)
Property ID US87-1097065

Property summary

AI-generated overview

This exceptional 0.52-acre commercial property in Fredericksburg, Virginia, presents a unique investment opportunity. Located at 107 Pegram Lane, this flat, commercially zoned (C-3) lot boasts a highly desirable location in Spotsylvania County, offering convenient access to Route 208 and Route 1. The property's C-3 zoning allows for a wide range of commercial uses, providing significant flexibility for potential developers and investors. A comprehensive list of permitted uses includes, but is not limited to: art studios, assisted living facilities, building material yards, business service and supply establishments, car washes, childcare centers, community centers, eating establishments, financial institutions, heavy equipment sales and service centers, indoor recreation facilities, medical care facilities, micro-breweries/wineries/cider distilleries, mini-warehousing facilities, offices, nursing homes, private and public schools, repair service establishments, theaters, vehicle light service establishments, and wholesale trade establishments. Many special use permits are also possible. The property's prime location within a growing area ensures strong potential for future appreciation. The seller is open to considering owner financing, making this an even more attractive proposition for qualified buyers. This is a rare opportunity to acquire a versatile commercial lot in a thriving market. Act quickly to secure this exceptional investment.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.52 ac (22,500 SF)
Zoning code C3 - COMMERCIAL 3
APN 23-A-154
UPID US87-1097065

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2024
1 recorded transaction
2024
$235,000

Zoning & alternative use

C3 - COMMERCIAL 3 · Fredericksburg, VA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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