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    1.4acs Banks Ford Pkwy Fredericksburg, VA 22406

    Sponsored
    For Sale
    $595,000

    1.4-Acre Commercial Land, B2 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1.402-acre commercial lot presents a prime development opportunity in the thriving Celebrate Virginia-North area of Fredericksburg, Virginia. Located at Banks Ford Parkway, this corner parcel boasts unparalleled visibility and accessibility, making it ideal for a variety of retail and office uses. The property is zoned B2, allowing for a wide range of development possibilities. Its strategic location offers significant advantages, including proximity to major employers such as the Geico headquarters, employing over 2,000 people. This ensures a substantial and readily available customer base. Furthermore, the property benefits from excellent co-tenancy with established businesses like Lowe's Home Improvement and Giant Food, creating a synergistic and attractive retail environment. The asking price for this highly desirable property is $595,000. The address is Banks Ford Parkway in Fredericksburg, Virginia, zip code 22406. This location offers easy access to major transportation routes, further enhancing its commercial appeal. This is a rare opportunity to acquire a strategically located, high-visibility commercial lot in a rapidly growing area with strong existing infrastructure and a robust consumer base. Don't miss this chance to secure a prime piece of Fredericksburg real estate.

    Property Features for 1.4acs Banks Ford Pkwy

    General Information

    Property type
    Land
    Lot Size
    61,071 SF

    HighLights

    • 1.4‑acre corner lot available for sale or ground lease in Celebrate Virginia North.
    • B2 zoning permits diverse retail and office development.
    • High visibility and convenient access.
    • Proximity to GEICO headquarters (2,000+ employees).
    • Strong co‑tenancy with Lowe's Home Improvement and Giant Food.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Fredericksburg
    County
    Fredericksburg City
    State
    Virginia
    Longitude
    -77.5224956
    Latitude
    38.359947

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    FAQs

    What type of property is this?
    Land - 1.4-Acre Commercial Land, B2 Zoning
    Where is this land located?
    The property is located at 1.4acs Banks Ford Pkwy Fredericksburg, VA.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: 1.4-acre corner lot available for sale or ground lease in Celebrate Virginia North.; B2 zoning permits diverse retail and office development.; High visibility and convenient access.
    Request Owner's contact information
    1.4acs Banks Ford Pkwy Fredericksburg, VA 22406
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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
    1.4acs Banks Ford Pkwy Fredericksburg, VA 22406
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