1498 Central Park BlvdFredericksburg, VA 22401

Property Details for 1498 Central Park Blvd

Year built

1998

Lot size

0.52 AC

Property size (Sq ft)

4,056 SF

Zone code

PDC

Property type

Other commercial real estate

APN

7769-55-5873

APU

7769555873

Description

This exceptional investment opportunity presents a 4,000 square foot storefront located at 1498 Central Park Boulevard in Fredericksburg, Virginia, zip code 22401. The property is a single-unit, single-building net lease investment with a remaining lease term of approximately 1.8 years, expiring August 31, 2026. The asking price is $985,000, representing a 7.53% capitalization rate based on a net operating income (NOI) of $74,160. The storefront boasts an impressive 18-foot ceiling height and is situated within the bustling Central Park retail center, a 2.5 million square foot regional hub. Its strategic location at the I-95/Plank Road (Route 3) interchange ensures high visibility and accessibility, benefiting from strong daytime population and desirable retail co-tenancy. The property's PDC zoning designation offers flexibility for various uses. This prime location, combined with the existing lease, makes it an ideal investment for both passive investors seeking consistent cash flow and owner-users looking for a high-traffic retail space. The property's easy access from I-95, Route 3, and Route 1 further enhances its appeal and potential for strong returns.

• Alternative Use

  Use

  Valuation

  Residential

  $979,380

  Hospitality

  $897,107

  Educational

  $746,382

  Medical

  $772,052

  Retail

  $1,161,039

Location Insight

City

Fredericksburg

County

Fredericksburg City

State

Virginia

Latitude

38.3055

Longitude

-77.5149

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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