318 Charles St Fredericksburg, VA 22401
- Commercial real estate
- 4,100 SF
- 0.20 lot acres
Current Use by Public Records
- Alexander and Sons Plumbing & Hvac / Plumber / Contractor
Property Details for 318 Charles St
- Year built
- 1939
- Lot size
- 0.20 lot acres
- Property size
- 4,100 SF
- Zone code
- CD
- Property type
- Commercial real estate
- APN
- 7789-12-8882
- APU
- 7789128882
Description
This exceptional freestanding property at 318 Charles Street in Fredericksburg, Virginia, presents a unique opportunity for a single-tenant user. Boasting 4,100 square feet of versatile space, this building is ideally suited for a variety of retail and/or warehouse operations. The property sits on a 0.35-acre lot, providing ample space for loading, unloading, and potential outdoor storage. The single-story structure is zoned CD, offering flexibility for a range of permitted uses. The entire 4,100 square feet is currently vacant, allowing for immediate occupancy and customization to meet specific business needs. Located in the heart of downtown Fredericksburg, this property benefits from high visibility and convenient access to major transportation routes, ensuring strong customer traffic and efficient logistics. The building's single-tenant occupancy simplifies management and provides a cohesive environment for business operations. This is a rare opportunity to acquire a well-located, versatile commercial property in a thriving Virginia market. The property's size and zoning make it suitable for a variety of businesses seeking a prominent downtown location. Serious inquiries are encouraged to explore the potential of this exceptional offering. The zip code is 22401.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $635,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $710,000
- 6.5%
- $605,000
- 7%
- $725,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $665,000
- Geo Method
- $620,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $605,000
- Retail
- $675,000
- Mixed-Use
- $635,000
- Hospitality
- $640,000
- Educational
- $670,000
- Residential Income
- $655,000
- Energy
- $610,000
- Income-Based Land
- $720,000
- Food Service
- $645,000
Location Insight
- Map
- Local Demand
- City
- Fredericksburg
- County
- Fredericksburg City
- State
- Virginia
- Longitude
- -77.4582
- Latitude
- 38.2968
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
