27 Gateway Dr Fredericksburg, VA 22406
- Retail space
- 20,087 SF
- 3.92 lot acres
Current Use by Public Records
- Ansam Albergogue Zaiber / Dentist
- PetSmart Dog Training / Dog Trainer
- Dr. Rakesh Rao / Pediatrician / Neonatal Physician
- PetSmart Grooming / Pet Groomer
- Virginia School of Bhangra - Ashburn / Dance School
Property Details for 27 Gateway Dr
- Year built
- 2007
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 3.92 lot acres
- Property size
- 20,087 SF
- Zone code
- B2- URBAN COMM
- Property type
- Retail space
- APN
- 45T-4
- APU
- 45T4
Description
This exceptional retail opportunity is located at 27 S. Gateway Drive, Suite 125, Fredericksburg, VA 22406. The Carter's Crossing Retail Center boasts a total of 40,617 square feet situated on a 3.92-acre lot. Currently, there are two available spaces totaling 4,480 square feet (1,954 sq ft and 2,526 sq ft). One space is a second-generation restaurant space, complete with existing hood and equipment. The center enjoys a prime location just off Exit 133 of I-95, providing excellent visibility and accessibility on the heavily traveled Route 17 corridor. This Target and PetSmart anchored center benefits from strong co-tenancy with Anytime Fitness, a dentist's office, and a dance studio. Convenient out-parcel retailers include Panera Bread, Chipotle, an AT&T store, and McDonald's. The property is zoned B2 and features a Net Net Net (NNN) fee of $3.75 per square foot. This is a rare chance to secure retail space in a thriving, high-visibility location. The property offers significant potential for a variety of retail businesses.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $8,560,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $9,345,000
- 6.5%
- $7,890,000
- 7%
- $9,015,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $8,835,000
- Geo Method
- $7,925,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $7,785,000
- Retail
- $9,750,000
- Mixed-Use
- $8,835,000
- Hospitality
- $8,945,000
- Educational
- $10,445,000
- Residential Income
- $7,850,000
- Energy
- $9,470,000
- Income-Based Land
- $9,545,000
- Food Service
- $8,975,000
Location Insight
- Map
- Local Demand
- City
- Fredericksburg
- County
- Stafford
- State
- Virginia
- Longitude
- -77.4928
- Latitude
- 38.3455
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
