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    Commonwealth Dr & Patriot Hwy Fredericksburg, VA 22407

    Sponsored
    For Sale
    $7,800,000

    Prime Commercial Land, Route 1 Frontage, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 7.8-acre commercial land parcel presents a remarkable development opportunity in Fredericksburg, Virginia. Located at the intersection of Commonwealth Drive and Patriot Highway (Route 1), this C-3 zoned property boasts significant frontage on a major thoroughfare, ensuring high visibility and accessibility. The site benefits from its strategic position near Cosner's Corner, a thriving retail hub anchored by national brands such as Publix, Target, Starbucks, Kohl's, and Marshall's, guaranteeing a robust customer base. Further enhancing its appeal is its proximity to a new VDOT Park & Ride lot with 683 spaces, a 10-foot-wide shared-use path along Route 1, and a sidewalk along Commonwealth Drive, promoting pedestrian and commuter traffic. Convenient access to Interstate 95 via exit 126 (only 1.5 miles away) provides seamless connectivity to regional transportation networks. The property is identified by APN 35-A-89 and is offered at an asking price of $7,800,000. This is a rare opportunity to acquire a highly desirable commercial land parcel in a rapidly growing area, ready for immediate development. The property is available immediately.

    Property Features for 0 Commonwealth Dr & Patriot Hwy

    General Information

    Property type
    Land
    Lot Size
    339,768 SF

    HighLights

    • $7,800,000 asking price.
    • 7.8‑acre commercial land parcel.
    • C‑3 Commercial zoning.
    • Located in Fredericksburg, VA, at Commonwealth Drive & Patriot Highway (APN 35‑A‑89).
    • High‑traffic location near major retailers and I‑95.
    • For sale by owner.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Fredericksburg
    County
    Spotsylvania
    State
    Virginia
    Longitude
    -77.5075362
    Latitude
    38.2163806

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, Route 1 Frontage, High Traffic
    Where is this land located?
    The property is located at Commonwealth Dr & Patriot Hwy Fredericksburg, VA.
    What is the asking price?
    The asking price for this property is $7,800,000.
    What are key features of this property?
    This property features: $7,800,000 asking price.; 7.8-acre commercial land parcel.; C-3 Commercial zoning.
    (540) 322-4150
    Request Owner's contact information
    Commonwealth Dr & Patriot Hwy Fredericksburg, VA 22407
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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
    Commonwealth Dr & Patriot Hwy Fredericksburg, VA 22407
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