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Property profile & analytics
OFF-MARKET
Land

1.4acs Banks Ford Pkwy Fredericksburg, VA 22406

1.4 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.402-acre commercial lot presents a prime development opportunity in the thriving Celebrate Virginia-North area of Fredericksburg, Virginia. Located at Banks Ford Parkway, this corner parcel boasts unparalleled visibility and accessibility, making it ideal for a variety of retail and office uses. The property is zoned B2, allowing for a wide range of development possibilities. Its strategic location offers significant advantages, including proximity to major employers such as the Geico headquarters, employing over 2,000 people. This ensures a substantial and readily available customer base. Furthermore, the property benefits from excellent co-tenancy with established businesses like Lowe's Home Improvement and Giant Food, creating a synergistic and attractive retail environment. The asking price for this highly desirable property is $595,000. The address is Banks Ford Parkway in Fredericksburg, Virginia, zip code 22406. This location offers easy access to major transportation routes, further enhancing its commercial appeal. This is a rare opportunity to acquire a strategically located, high-visibility commercial lot in a rapidly growing area with strong existing infrastructure and a robust consumer base. Don't miss this chance to secure a prime piece of Fredericksburg real estate.

Property profile
Verified
Property type Land
Lot 1.4 ac (61,071 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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