Redevelopment Land with Motel
Fredericksburg, VA 22405 Fredericksburg, VA 22405
New
Fredericksburg, VA, 22405
$900,000
For Sale
$900,000
LAND - Fredericksburg, VA
Property Size5,561 SF
Lot Size0.95 Acres
Price / SF$161.84
Days on Market3
Property Features
General Information
- Property type
- Land
- Property subtype
- Other
- Standard status
- Active
- Lot size
- 0.95 Acres
Listing agency
NextHome Envision
301881
Listed by
Lisa Nasar · License #500020,PersonLicenseNumber
(301) 674-8160
Added: Jul 19 Updated: Jul 20 at 4:00PM Checked: Jul 21 at 2:06PM
MLS# VAST2046690
Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property consists of a roughly 0.95-acre parcel that currently includes a 5,561-square-foot motel structure built in 1959. The site is being presented as a redevelopment prospect within the Falmouth Redevelopment Area, part of Stafford County’s Master Redevelopment Plan for revitalization and private investment.
As described in the remarks, the property sits along Cambridge Street (Route 1) within a targeted development area intended to support higher-density, community-serving uses and potentially lower-intensity mixed-use projects. The county is also planning to widen Cambridge Street from four lanes to six lanes, which may affect set-backs while increasing traffic visibility and accessibility for a future venture.
The listing further notes potential incentive programs associated with the redevelopment area, including the Stafford County Opportunity Fund and Technology Zone benefits such as permit fee waivers, tax relief, and expedited review if the new purpose qualifies.
As described in the remarks, the property sits along Cambridge Street (Route 1) within a targeted development area intended to support higher-density, community-serving uses and potentially lower-intensity mixed-use projects. The county is also planning to widen Cambridge Street from four lanes to six lanes, which may affect set-backs while increasing traffic visibility and accessibility for a future venture.
The listing further notes potential incentive programs associated with the redevelopment area, including the Stafford County Opportunity Fund and Technology Zone benefits such as permit fee waivers, tax relief, and expedited review if the new purpose qualifies.
Key Highlights
- 0.95‑acre parcel (41,426 SF) at Tax Map #45‑212 on Cambridge Street (Route 1).
- Existing 5,561 SF motel structure built in 1959; property is positioned for adaptive reuse.
- Located within the Falmouth Redevelopment Area under Stafford County’s Master Redevelopment Plan for targeted revitalization and private investment.
Local Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $83.4k | $15.00 |
| − Vacancy | −$8.3k | −$1.50 |
| EGI | $75.1k | $13.50 |
| − OpEx | −$39.4k | −$7.09 |
| NOI | $35.7k | $6.41 |
5,561 SF · lease $15.00/SF/yr · vacancy 10.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$509.4K
$445.8K – $594.3K
NOI $35,660 @ 7.0% cap · market cap 3.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.74M
$1.53M – $2.03M
NOI $122,020 @ 7.0% cap · market cap 13.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Motels
Similar For Sale Nearby
Similar Off Market Nearby
- Newton's Motel — 436 Cambridge St, Falmouth, VA 22405
FAQs
What type of property is this?
Motel - Nearly one-acre parcel includes a 1959 motel building and is positioned within the Falmouth Redevelopment Area.
Where is this motel located?
The property is located at Fredericksburg, VA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 0.95‑acre parcel (41,426 SF) at Tax Map #45‑212 on Cambridge Street (Route 1).; Existing 5,561 SF motel structure built in 1959; property is positioned for adaptive reuse.; Located within the Falmouth Redevelopment Area under Stafford County’s Master Redevelopment Plan for targeted revitalization and private investment.
