Property profile

0 Fall Hill Ave Fredericksburg, VA 22401

OFF-MARKET
Land
4.05 ac lot
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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

Location

Fall Hill Ave Fredericksburg, VA 22401
Fredericksburg metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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