0 Fall Hill Ave, Fredericksburg, VA 22401
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.
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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