Property summary
This exceptional 4.047-acre vacant land parcel presents a remarkable commercial investment opportunity in Fredericksburg, VA. Strategically located on Fall Hill Avenue, it boasts significant frontage (22,000+ ADT) and enjoys unparalleled visibility across from a Wegman's grocery store. Its proximity to the new $35 million, 5,000-seat Fredericksburg Nationals Baseball Stadium (less than half a mile away) and the bustling Central Park power center (nearly 3,000 employees) ensures high traffic and strong consumer presence. The site is also conveniently situated near I-95, Route 1, and Route 3, providing easy access for customers and employees. This prime location is ideal for a variety of commercial uses, including fast food restaurants, car washes, and medical offices. Significant multifamily development is underway in the immediate vicinity, with 128 apartments recently completed and an additional 700+ units under construction, further enhancing the area's growth potential. The asking price for this exceptional property is $4,900,000. One-acre parcels are also available. Don't miss this chance to acquire a highly desirable commercial property in a thriving market.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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