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Property profile & analytics
OFF-MARKET
Land

481 Chatham Heights Rd Fredericksburg, VA 22405

0.68 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 0.68-acre residential lot in Stafford County, Virginia, presents a remarkable opportunity for development. Located at 481 Chatham Heights Road, Fredericksburg, VA 22405, this property boasts a highly desirable R1 zoning designation, allowing for a variety of residential construction possibilities. The land is strategically situated on Butler Road, directly facing a signalized intersection with exceptional visibility. High traffic volume is guaranteed, with over 17,000 vehicles passing daily. Nearby established businesses include CVS and Wawa, further enhancing the location's appeal and convenience. The property offers convenient road access directly from Butler Road, and all essential utilities are readily available, simplifying the development process. This prime location, combined with its size and zoning, makes this an ideal site for building a new home or developing a small residential project. The asking price for this exceptional property is $300,000. Don't miss this chance to acquire a highly sought-after residential lot in a thriving area of Fredericksburg.

Property profile
Verified
Property type Land
Lot 0.68 ac (29,621 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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