1.4acs Banks Ford Pkwy Fredericksburg, VA 22406
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.