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Property profile & analytics
OFF-MARKET
Commercial real estate

Jim Morris Rd Fredericksburg, VA 22408

6.6 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 6.6-acre parcel presents a unique investment opportunity in Spotsylvania County, Virginia. Boasting 180 feet of frontage on Jim Morris Road, this property enjoys convenient access to Route 17, a major north-south thoroughfare, and is situated approximately 10 minutes south of Fredericksburg. Currently zoned R2 for residential uses, the land offers immediate development potential. However, its location within a designated "primary development boundary" (PDB) signifies future potential for high-density mixed-use development. The site features cleared and graded frontage, simplifying the development process. Spotsylvania County is known for its family-friendly atmosphere, commitment to fiscal sustainability, and proactive encouragement of mixed-use communities, making it an attractive location for a variety of projects. The county's comprehensive plan emphasizes job creation and a business-friendly environment, further enhancing the long-term prospects of this property. This makes it an ideal location for developers seeking to capitalize on the area's growth and create a thriving community. The asking price is $295,000.

Property profile
Verified
Property type Commercial real estate
Lot 6.6 ac (287,496 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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