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    Rte 17 & Ml Dr Fredericksburg, VA 22408

    For Sale
    Contact for pricing

    18 Acres, Prime Fredericksburg Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 18-acre vacant land parcel presents a unique investment opportunity in Spotsylvania County, Virginia. Situated at the intersection of Route 1 and Route 17/Mills Drive, this property boasts a high traffic count of 55,000 vehicles daily. The land is part of Cosner's Corner, the largest mixed-use development in Spotsylvania County, currently encompassing over 980,000 square feet and projected to reach 1.5 million square feet upon completion. This thriving development includes a new residential community with over 400 units, and the VYSA and FASA Soccer Complex, attracting over 250,000 visitors annually. The property's strategic location offers close proximity to significant amenities, including the Spotsylvania Regional Medical Center (a 126-bed hospital) and Germanna Community College (6,000 students). Phase I of The Haven at Cosner's Corner luxury apartments, comprising 256 units, is complete, with Phase II adding more than 100 additional units. One-acre pad sites are available for sale or lease, making this an ideal location for a variety of commercial ventures, benefiting from the high visibility and substantial foot traffic generated by the surrounding development. The property's address is Route 17 & Mills Drive, Fredericksburg, VA 22408.

    Property Features for 0 Rte 17 & Ml Dr

    General Information

    Property type
    Land
    Lot Size
    784,080 SF

    HighLights

    • 1‑Acre pad site available for sale or lease.
    • Cosner's Corner, a 980,000+ SF mixed‑use development (1.5M SF upon completion), is Spotsylvania County's largest.
    • High‑traffic location at Route 1 & Route 17/Mills Drive intersection (55,000 ADT).
    • Proximity to Spotsylvania Regional Medical Center (126 beds).
    • The Haven at Cosner's Corner features 256 completed luxury apartments (Phase I), with Phase II adding 100+ units.
    • Adjacent to Germanna Community College (6,000 students).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Fredericksburg
    County
    Fredericksburg City
    State
    Virginia
    Longitude
    -77.3943583
    Latitude
    38.2384286

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    FAQs

    What type of property is this?
    Land - 18 Acres, Prime Fredericksburg Location
    Where is this land located?
    The property is located at Rte 17 & Ml Dr Fredericksburg, VA.
    What are key features of this property?
    This property features: 1-Acre pad site available for sale or lease.; Cosner's Corner, a 980,000+ SF mixed-use development (1.5M SF upon completion), is Spotsylvania County's largest.; High-traffic location at Route 1 & Route 17/Mills Drive intersection (55,000 ADT).
    Request Owner's contact information
    Rte 17 & Ml Dr 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
    Rte 17 & Ml Dr Fredericksburg, VA 22408
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