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    Warrenton Rd & Banks Frd Pkwy Fredericksburg, VA 22406

    Sponsored
    For Sale
    $520,000

    1.49 Acres, High Visibility, $520K

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 1.49-acre commercial land parcel presents a remarkable investment opportunity in Fredericksburg, Virginia. Located at the intersection of Warrenton Road and Banks Ford Parkway, this property boasts unparalleled visibility along Stafford County's southwest retail corridor (Route 17), experiencing a high volume of daily traffic (59,000 vehicles per day on Warrenton Road). The site benefits from two signalized access points directly from Route 17, ensuring convenient ingress and egress. This is a bank-owned REO property, offering a unique chance to acquire land in a thriving commercial area. The asking price is $520,000, translating to $8 per square foot. This prime location places your business in close proximity to major retailers including Super Target, Lowe's, Giant, Walmart, Wawa, and the Geico National Headquarters, guaranteeing high foot traffic and brand recognition. The property's strategic positioning and high visibility make it ideal for a wide range of commercial developments. Don't miss this exceptional opportunity to establish your business in a high-demand location. The property is zoned for commercial use (verification required).

    Property Features for 0 Warrenton Rd & Banks Frd Pkwy

    General Information

    Property type
    Land
    Lot Size
    64,904 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Fredericksburg
    County
    Stafford
    State
    Virginia
    Longitude
    -77.5203067
    Latitude
    38.3615

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    FAQs

    What type of property is this?
    Land - 1.49 Acres, High Visibility, $520K
    Where is this land located?
    The property is located at Warrenton Rd & Banks Frd Pkwy Fredericksburg, VA.
    What is the asking price?
    The asking price for this property is $520,000.
    (540) 322-4150
    Request Owner's contact information
    Warrenton Rd & Banks Frd Pkwy Fredericksburg, VA 22406
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    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
    Warrenton Rd & Banks Frd Pkwy Fredericksburg, VA 22406
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