Property profile

3430 Fall Hill Ave Fredericksburg, VA 22401

FOR SALE
Land
Property ID
US87-0549202
34.2 ac lot
Entity Owned 5-yr Hold
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Property summary

AI-generated overview

This exceptional 34.2-acre commercial vacant land parcel in Fredericksburg, Virginia, presents a remarkable development opportunity. Currently zoned R2, it offers significant potential for up-zoning to accommodate mixed-use projects, including multi-family residential and various commercial uses. The property boasts unparalleled visibility and accessibility, with frontage on Fall Hill Avenue, Cowan Boulevard, and I-95, ensuring convenient access for future tenants and residents. Its strategic location directly adjacent to Central Park, one of the largest power centers on the East Coast, provides immediate proximity to significant retail and entertainment options. Across Fall Hill Avenue lies Celebrate Virginia South, home to Wegmans, an expo center, and the new Washington Nationals minor league baseball stadium. Furthermore, the property is less than one mile from the planned site of a major Veterans Affairs outpatient clinic and within two miles of the region's largest hospital. With substantial residential development underway within a one-mile radius (1,929 units), this site is poised to benefit from a rapidly growing population. The property is not subject to the restrictions found in Central Park and Celebrate Virginia, offering developers maximum flexibility. Lighted access from Fall Hill Avenue further enhances its appeal. This is one of the largest undeveloped parcels in Fredericksburg, making it an exceptional investment for discerning developers seeking a high-impact project in a thriving market. The property's zip code is 22401.

Property profile

Verified
Property type Land
Lot 34.2 ac (1,489,796 SF)
UPID US87-0549202

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3430 Fall Hill Ave Fredericksburg, VA 22401
Fredericksburg metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2021
2 recorded transactions
2021
Price N/A
2020
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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