2515 Fall Hill Ave Fredericksburg, VA 22401
- Commercial real estate
- 1,077 SF
- 0.08 lot acres
Current Use by Public Records
- Arielle Clark-Taylor: Allstate Insurance / Insurance Agency / Auto Insurance Agency
- Allstate Insurance / Insurance Agency
- Dr. Emilio Adkins, DDS / Doctor
Property Details for 2515 Fall Hill Ave
- Year built
- 1964
- Lot size
- 0.08 lot acres
- Property size
- 1,077 SF
- Zone code
- CM
- Property type
- Commercial real estate
- APN
- 7779-79-3058
- APU
- 7779793058
Description
This exceptional commercial property at 2515 Fall Hill Ave, Fredericksburg, VA 22401, offers a unique blend of functionality and location. The 2,506 square foot building sits on a 0.08-acre corner lot, providing excellent visibility and accessibility. Zoned for creative maker uses, this single-tenant property boasts a versatile layout. The first floor features a reception area, two large offices, and a restroom. The lower level includes three additional offices, a kitchenette, and a separate restroom with its own outdoor entrance. Two off-street parking spaces are conveniently located. The building's brick construction ensures durability and a professional aesthetic. Its strategic location, just one block east of Emancipation Highway (with a daily traffic volume of 30,000 vehicles), guarantees high exposure and easy access for clients and employees. This property presents a compelling opportunity for businesses seeking a well-maintained, conveniently located office space in a thriving area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $425,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $425,000
- 6.5%
- $385,000
- 7%
- $400,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $390,000
- Geo Method
- $415,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $335,000
- Retail
- $340,000
- Mixed-Use
- $310,000
- Hospitality
- $370,000
- Educational
- $385,000
- Residential Income
- $415,000
- Energy
- $320,000
- Income-Based Land
- $355,000
- Food Service
- $325,000
Location Insight
- Map
- Local Demand
- City
- Fredericksburg
- County
- Fredericksburg City
- State
- Virginia
- Longitude
- -77.4738
- Latitude
- 38.3141
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA