Three-Story Office Headquarters
For Sale
Contact for pricing
1701 Fall Hill Ave, Fredericksburg, VA 22401
Three-story office building offered with multiple parcels and parking, including significant near-term lease expirations.
Property Size48,235 SF
Days on Market135
Property Features for 1701 Fall Hill Ave
General Information
Standard status
Active
Size
48,235 SF
Property subtype
Office
Zoning
T4 Transect District Zone
Additional Details
Highway Access
Yes
Building Details
Stories
3
Tenancy
Multi
Listing Agency:
Cushman & Wakefield Thalhimer - Glen Allen, Virginia
Listed By:
Catharine Spangler · License #VA 0225196994
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 10:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield Thalhimer - Glen Allen, Virginia
Investment Insights
Based on property information with market context.
1701 Fall Hill Ave is a three-story office building totaling 48,235 SF, previously serving as the corporate headquarters for Quarles Petroleum for more than 23 years. The property will be delivered with 19.5% of the GLA vacant, and an additional 70.1% of the GLA was scheduled to expire by August 2023. An owner-occupant can benefit from immediate large block availability alongside existing income from in-place tenants and additional parking revenue, as described in the offering.
The sale includes two additional parcels: an occupied, freestanding 1,000 SF single-tenant commercial property adjacent to the office building, and a 10.56-acre parcel providing additional parking for both buildings. The property is located in a T4 Transect District Zone, which the offering states can accommodate a variety of uses by right.
The building and included parcels create a configuration designed for flexible occupancy and parking needs, with the provided vacancy and expiration timeline supporting repositioning or re-leasing plans during the near term.
The sale includes two additional parcels: an occupied, freestanding 1,000 SF single-tenant commercial property adjacent to the office building, and a 10.56-acre parcel providing additional parking for both buildings. The property is located in a T4 Transect District Zone, which the offering states can accommodate a variety of uses by right.
The building and included parcels create a configuration designed for flexible occupancy and parking needs, with the provided vacancy and expiration timeline supporting repositioning or re-leasing plans during the near term.
Key Highlights
- 48,235 SF, three‑story office building at 1701 Fall Hill Ave in Fredericksburg, VA
- Delivered with 19.5% of GLA vacant, plus 70.1% of GLA scheduled to expire by August 2023
- Includes an occupied 1,000 SF free‑standing single‑tenant commercial parcel adjacent to the main building
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,977
Businesses Nearby
Explore this area
Business Placement
Demographics for 22401, VA
27,799
Population
12,270
Households
2.3
Avg Household Size
32
Median Age
47%
College-Educated
93%
High-School Grad
10.4 sq mi
ZIP Area
2,673
Density / Sq Mi
$85,432
Median Household Income
$46,891
Median Earnings
$1,518
Median Rent
$461,600
Median Home Value
Market
Vacancy Rate% for Office in Fredericksburg, VA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Three-story office building offered with multiple parcels and parking, including significant near-term lease expirations.
Where is this office building located?
The property is located at 1701 Fall Hill Ave Fredericksburg, VA.
What are key features of this property?
This property features: 48,235 SF, three‑story office building at 1701 Fall Hill Ave in Fredericksburg, VA; Delivered with 19.5% of GLA vacant, plus 70.1% of GLA scheduled to expire by August 2023; Includes an occupied 1,000 SF free‑standing single‑tenant commercial parcel adjacent to the main building
