204 Hopkins Rd Fredericksburg, VA 22405
This exceptional 8.23-acre development opportunity in Stafford County, Virginia, presents a prime investment prospect. The property is zoned R-5, allowing for high-density age-restricted development, and already boasts entitlements for 132 residential units, perfect for a vibrant senior living community. Located at 204 Hopkins Rd, Fredericksburg, VA 22405, this land offers convenient access to downtown Fredericksburg, with a scenic walking path across the Chatham bridge providing a direct route (approximately 0.5 miles). The asking price for this exceptional opportunity is $6,600,000. The property's strategic location and existing entitlements minimize development hurdles, presenting a streamlined path to realizing a profitable senior living community. The age 55+ restriction ensures a targeted market, while the high-density zoning maximizes the potential return on investment. This is a rare chance to acquire a fully entitled development site in a desirable location, ready for immediate construction. Don't miss this chance to capitalize on the growing demand for senior living accommodations in the Fredericksburg area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.