Jim Morris Rd Fredericksburg, VA 22408
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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