1068-1076 Hospitality Ln Fredericksburg, VA 22401
- Land
Current Use by Public Records
- Land
Property Details for 1068-1076 Hospitality Ln
- Property type
- Land
Description
This exceptional 1.78-acre commercial land parcel in Fredericksburg, Virginia, presents a unique development opportunity. Located in a Planned District-Commercial (PD-C) zone and within a Special Tourism and Events Overlay District, this shovel-ready pad site boasts significant advantages. Public utilities, curbs, gutters, and sidewalks are already in place, minimizing development costs and expediting the construction process. The property's prime location near the Fredericksburg Convention Center, Fredericksburg Nationals Stadium, and numerous retail establishments including Walmart, Sheetz, Wegman's, and several hotels, ensures high visibility and accessibility. The site is conveniently situated just 1.5 miles north of I-95 Exit 130 (Rt. 3 exit), benefiting from exceptional traffic counts on nearby Fall Hill Ave (13,000 VPD), Carl D. Siler Pkwy (19,000 VPD), and I-95 (136,000 VPD). Zoning allows for mixed-use development, including retail, residential, lodging, and entertainment options. This property is designated as a Federal Opportunity Zone, offering potential tax advantages. The 2025 tax assessment is $1,240,600, with 2023 annual taxes of $28,124 (based on a 2023 assessment of $1,085,500). The parcel ID is 7769-88-0831. This is a truly exceptional opportunity for investors seeking a prime location with significant development potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fredericksburg
- County
- Fredericksburg City
- State
- Virginia
- Longitude
- -77.5059
- Latitude
- 38.3139
