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Property profile

0 Meekins Dr Fredericksburg, VA 22407

OFF-MARKET
Land
2.81 ac lot
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Property summary

AI-generated overview

This exceptional 2.81-acre commercial land parcel presents a unique investment opportunity in the thriving Fredericksburg, Virginia area. Located in Spotsylvania County, this property boasts a highly desirable C-1, C-2, and O-1 zoning classification, offering considerable flexibility for a wide range of commercial developments. Its strategic location provides easy access to major transportation arteries, including Highway 17, I-95, and Route 3, ensuring excellent visibility and convenient access for potential businesses and customers. The high traffic volume on Plank Road, less than a mile away (78,000 vehicles per day), further underscores the property's significant commercial potential. Situated within a densely populated suburban area, the land is surrounded by numerous major retailers and shopping centers, creating a vibrant and established commercial environment. The asking price for this exceptional property is $575,000. This presents a compelling opportunity to capitalize on the strong growth and development within Fredericksburg and Spotsylvania County. The address is 0 Meekins Drive, Fredericksburg, VA 22407. Don't miss this chance to acquire a prime piece of commercial real estate in a highly sought-after location.

Property profile

Verified
Property type Land
Lot 2.81 ac (122,404 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Meekins Dr Fredericksburg, VA 22407
Fredericksburg metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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