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    112 Pegram Ln Fredericksburg, VA 22408

    Sponsored
    For Sale
    $535,000

    1вЃ„2-acre C3 zoned lot, renovated office building

    Property size:
    1,250 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This exceptional commercial property, located at 112 Pegram Lane in the heart of Fredericksburg, VA, presents a unique investment opportunity. The 1,250 square foot building sits on a desirable half-acre lot, offering ample space and potential for expansion. Currently configured as a four-office space layout, the property also boasts a generously sized conference room, perfect for meetings and presentations. A fully equipped kitchen and two full bathrooms add to the functionality and convenience. Recent renovations have modernized much of the building, leaving only minor finishing touches needed to complete the transformation. The roof is only five years old, ensuring long-term durability, and the property features a newer heat pump for efficient climate control. The kitchen is outfitted with brand-new appliances, ready for immediate use. The C3 commercial zoning allows for a variety of uses, making this property highly versatile and adaptable to a range of business needs. Its central location in Fredericksburg provides excellent visibility and accessibility, making it an ideal choice for businesses seeking a prominent presence in a thriving community. This is a rare opportunity to acquire a well-maintained, centrally located commercial property with significant upside potential. The combination of its size, location, and recent upgrades makes this an attractive investment for discerning buyers. Contact us today to schedule a viewing and explore the possibilities.

    Property Features for 112 Pegram Ln

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,250 SF
    Lot Size
    21,780 SF

    Building Details

    Year Built
    1990
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fredericksburg
    County
    Spotsylvania
    State
    Virginia
    Longitude
    -77.50308
    Latitude
    38.25481

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    FAQs

    What type of property is this?
    Commercial real estate - 1вЃ„2-acre C3 zoned lot, renovated office building
    Where is this commercial real estate located?
    The property is located at 112 Pegram Ln Fredericksburg, VA.
    What is the asking price?
    The asking price for this property is $535,000.
    (540) 322-1591
    Request Owner's contact information
    112 Pegram Ln Fredericksburg, VA 22408
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    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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    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
    112 Pegram Ln Fredericksburg, VA 22408
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