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    OFF-MARKET
    Land

    0 Fall Hill Ave, Fredericksburg, VA 22401

    4.05 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 4.046-acre commercial land parcel in Fredericksburg, VA, presents a remarkable investment opportunity. Located on Fall Hill Avenue, it boasts significant frontage on a road with over 22,000 average daily traffic counts. Its strategic position directly across from a Wegmans grocery store ensures high visibility and accessibility. The property is conveniently situated just half a mile from the new $35 million, 5,000-seat Fredericksburg Baseball Stadium, further enhancing its appeal. The area is experiencing substantial growth, with a recently completed 128-unit apartment complex and an additional 700+ units under construction. This development is complemented by the proximity of Central Park, a 2.5 million-square-foot power center employing nearly 3,000 people. The property's CH zoning permits a variety of commercial uses, making it ideal for developments such as car washes or fast-food restaurants. Easy access to I-95, Route 1, and Route 3 provides excellent connectivity. The asking price is $4,900,000, and the APN is 7769-77-5997. This prime location and significant development potential make this a truly exceptional investment.

    Property profile
    Verified
    Property type Land
    Lot 4.05 ac (176,244 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
    AI Approach AI
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    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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