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    Land

    0 Jim Morris Rd, Fredericksburg, VA 22408

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    Property summary
    AI-generated overview

    This 6.6-acre commercial land parcel in Spotsylvania County, Virginia, presents a unique investment opportunity. Located on Jim Morris Rd, just off Route 17, this irregularly shaped lot boasts 180 feet of road frontage. The property is designated as "primary development boundary" (PDB) for high-density mixed-use development, aligning with the county's comprehensive plan promoting fiscal sustainability, mixed-use communities, and job creation. Its location approximately 10 minutes south of Fredericksburg offers convenient access to a major north-south thoroughfare. The lot shares a 320-foot border with a similarly designated neighboring parcel, suggesting potential for large-scale development. Public water and sewer are planned for this area, facilitating high-density residential and intensive non-residential uses. The mostly wooded parcel includes an unattached shed. Spotsylvania County's family-friendly environment and popularity among retirees further enhance the property's appeal. The asking price is $295,000. The zip code is 22408.

    Property profile
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    Property type Land
    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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