Three-Story Office
2403 Fall Hill Avenue, Fredericksburg, VA 22401
For Sale
New
Contact for pricing
An absolute NNN lease with tenant-paid operating expenses extends through April 1, 2027.
Property SizeContact for details
Days on Market7
Property Features for 2403 Fall Hill Avenue
General Information
Standard status
Property subtype
Additional Details
Tenant in Place
Property Use
Building Details
Year Built
Buildings
Stories
Tenancy
Owner Occupied
Listing Agency:
Cushman & Wakefield Thalhimer - Fredericksburg, Virginia
Listed By:
Wilson Greenlaw · License #VA 0225163024
(540) 834-3161
Source:
Crexi
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 8 at 6:08PM
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 - Fredericksburg, Virginia
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Investment Insights
Based on property information with market context.
This three-story office building occupies half of a city block in Fredericksburg. Built in 1975 as a bank headquarters, it has been occupied by the original bank and its successor for about 50 years. The current absolute NNN lease runs through April 1, 2027, with the tenant responsible for all operating expenses.
Nearby redevelopment plans include 242 apartments and ground-floor commercial space at the former Mary Washington Hospital site across Fall Hill Avenue, plus 29 apartments at the adjacent Medical Arts Building. DRB Homes is constructing Mary's Landing, a 63-unit townhome community nearby. Purchase of the full city block is also possible.
Nearby redevelopment plans include 242 apartments and ground-floor commercial space at the former Mary Washington Hospital site across Fall Hill Avenue, plus 29 apartments at the adjacent Medical Arts Building. DRB Homes is constructing Mary's Landing, a 63-unit townhome community nearby. Purchase of the full city block is also possible.
Key Highlights
- Absolute NNN lease runs through April 1, 2027; tenant pays all operating expenses
- Three‑story office building on half of a city block
- Built in 1975 as a bank headquarters; occupied by the original bank and its successor for about 50 years
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,734
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
$461,600
Median Home Value
Market
Average Price Trend$/SF for Office buildings in Fredericksburg, VA
Properties on Market for Office buildings in Fredericksburg
Vacancy Rate% for Office in Fredericksburg, VA
Frequently Asked Questions
What type of property is this?
Office building - An absolute NNN lease with tenant-paid operating expenses extends through April 1, 2027.
Where is this office building located?
The property is located at 2403 Fall Hill Avenue Fredericksburg, VA.
What is the asking price?
The asking price for this property is $5,100,000.
What are key features of this property?
This property features: Absolute NNN lease runs through April 1, 2027; tenant pays all operating expenses; Three‑story office building on half of a city block; Built in 1975 as a bank headquarters; occupied by the original bank and its successor for about 50 years
