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    5457 Plank Rd Fredericksburg, VA 22407

    Sponsored
    For Sale
    $550,000

    Prime 0.57-acre C-3 zoned lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 0.57-acre commercial land parcel, located at 5457 Plank Road in Fredericksburg, Virginia (APN 22-A-171C), presents a unique investment opportunity. Zoned C-3, this property offers versatile development potential, ideal for a range of commercial uses. Situated on a high-traffic corridor with over 55,000 vehicles per day, the site benefits from excellent visibility and accessibility. Its strategic location along Route 3/Plank Road places it adjacent to a Lidl-anchored center and within a thriving retail area boasting strong national co-tenancy. Fredericksburg's robust economy, fueled by healthcare, education, retail, and tourism, creates a strong consumer base. The property's proximity to I-95 further enhances its appeal. This prime pad site is surrounded by a dynamic community, including the University of Mary Washington and numerous historical attractions. The asking price for this exceptional property is $550,000. Don't miss this chance to capitalize on the growth and potential of this desirable location.

    Property Features for 5457 Plank Rd

    General Information

    Property type
    Land
    Lot Size
    24,829 SF

    HighLights

    • 0.57‑acre pad site on Rt 3/Plank Road in Fredericksburg, VA, with 55,000+ vehicles per day.
    • Adjacent to a Lidl‑anchored shopping center.
    • Located in a prominent retail corridor with strong national co‑tenancy.
    • C‑3 zoning allows for versatile commercial development.
    • Strong consumer base in a rapidly growing Virginia region.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fredericksburg
    County
    Spotsylvania
    State
    Virginia
    Longitude
    -77.56055
    Latitude
    38.291845

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    FAQs

    What type of property is this?
    Land - Prime 0.57-acre C-3 zoned lot.
    Where is this land located?
    The property is located at 5457 Plank Rd Fredericksburg, VA.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: 0.57-acre pad site on Rt 3/Plank Road in Fredericksburg, VA, with 55,000+ vehicles per day.; Adjacent to a Lidl-anchored shopping center.; Located in a prominent retail corridor with strong national co-tenancy.
    Request Owner's contact information
    5457 Plank Rd Fredericksburg, VA 22407
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    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
    5457 Plank Rd Fredericksburg, VA 22407
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