15 Gateway DrFredericksburg, VA 22406

Property Details for 15 Gateway Dr

Year built

2009

Construction

TYPE NOT SPECIFIED

Lot size

1.76 AC

Property size (Sq ft)

18,817 SF

Zone code

B2- URBAN COMM

Property type

Retail properties

Property subtype

Retail space

APN

45T-1

APU

45T1

Description

This exceptional commercial property, located at 15 South Gateway Drive, Suite 111, Fredericksburg, VA 22406, presents a significant opportunity for retail businesses. The 18,780 square foot multi-tenant building, constructed in 2009, sits on a 1.44-acre lot and is zoned B-2. Currently, there is 4,800 square feet of vacant space available within the single suite, offering flexibility for a variety of retail concepts. The building's strategic location in Stafford County provides excellent visibility and accessibility, making it an ideal location to attract customers. The property's substantial size and versatile layout offer ample room for expansion or customization to meet specific business needs. Its modern construction ensures efficient operation and low maintenance costs. This property is perfect for businesses seeking a prominent presence in a thriving retail market. The convenient location in Fredericksburg, Virginia, offers easy access to major transportation routes and a strong customer base. This is a rare opportunity to secure a substantial retail space in a desirable location. The property's B-2 zoning allows for a wide range of retail uses, providing flexibility for potential tenants. Don't miss this chance to establish your business in this prime commercial location.

• CAP approach

  CAP return

  Valuation

  6%

  $5,835,278

  6.5%

  $5,386,410

  7%

  $5,001,666

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,919,420

  Geo Method

  $7,919,420

• Alternative Use

  Use

  Valuation

  Residential

  $4,543,638

  Hospitality

  $4,161,948

  Educational

  $3,462,692

  Medical

  $3,581,779

  Retail

  $5,386,410

Location Insight

City

Fredericksburg

County

Stafford

State

Virginia

Latitude

38.3444

Longitude

-77.4959

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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