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    Jim Morris Rd Fredericksburg, VA 22408

    Sponsored
    For Sale
    $295,000

    Prime development land near Fredericksburg.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    344
    This exceptional 6.6-acre parcel presents a unique investment opportunity in Spotsylvania County, Virginia. Boasting 180 feet of frontage on Jim Morris Road, this property enjoys convenient access to Route 17, a major north-south thoroughfare, and is situated approximately 10 minutes south of Fredericksburg. Currently zoned R2 for residential uses, the land offers immediate development potential. However, its location within a designated "primary development boundary" (PDB) signifies future potential for high-density mixed-use development. The site features cleared and graded frontage, simplifying the development process. Spotsylvania County is known for its family-friendly atmosphere, commitment to fiscal sustainability, and proactive encouragement of mixed-use communities, making it an attractive location for a variety of projects. The county's comprehensive plan emphasizes job creation and a business-friendly environment, further enhancing the long-term prospects of this property. This makes it an ideal location for developers seeking to capitalize on the area's growth and create a thriving community. The asking price is $295,000.

    Property Features for Jim Morris Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    287,496 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Fredericksburg
    County
    Spotsylvania
    State
    Virginia
    Longitude
    -77.42528
    Latitude
    38.22361

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    FAQs

    What type of property is this?
    Commercial real estate - Prime development land near Fredericksburg.
    Where is this commercial real estate located?
    The property is located at Jim Morris Rd Fredericksburg, VA.
    What is the asking price?
    The asking price for this property is $295,000.
    (804) 349-5788
    Request Owner's contact information
    Jim Morris Rd Fredericksburg, VA 22408
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Jim Morris Rd Fredericksburg, VA 22408
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