301 Park Hill DrFredericksburg, VA 22401

Property Details for 301 Park Hill Dr

Year built

2002

Lot size

0.44 AC

Property size (Sq ft)

5,000 SF

Zone code

CT

Property type

Other commercial real estate

APN

7779-38-8845

APU

7779388845

Description

This exceptional Class A medical office building, located at 301 Park Hill Dr, Fredericksburg, VA 22401, presents a compelling investment opportunity. The property boasts 5,000 square feet across three units, situated on a 0.44-acre lot. Built in 2002, the building offers a strong net lease investment with a current NOI of $108,939 and a compelling 6.68% cap rate. The asking price is $1,630,000, translating to a price per square foot of $326. This property is part of an established medical office park, offering a rare vacancy and value-add potential during future lease renewals. Its strategic location adjacent to the Mary Washington Healthcare (MWHC) campus provides significant advantages, ensuring high occupancy and strong tenant demand. The property's strong financial performance, prime location, and potential for future growth make it an attractive investment for discerning buyers seeking a stable, high-yielding asset in a thriving medical market. The building consists of one structure with three individual units.

Location Insight

City

Fredericksburg

County

Fredericksburg City

State

Virginia

Latitude

38.3136

Longitude

-77.486

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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