4701 Market St Fredericksburg, VA 22408-8613

Property Details for 4701 Market St

Year built

2001

Lot size

5.52 lot acres

Property size

79,240 SF

Zone code

C2 - COMMERCIAL 2

Property type

Commercial real estate

APN

36-17-X

APU

3617X

Description

This exceptional Class A office building, located at 4701 Market Street in Fredericksburg, Virginia, presents a unique investment opportunity. The 79,240 square foot, two-story building sits on a 5.52-acre lot and boasts 315 parking spaces (approximately 4 spaces per 1,000 square feet). Recently renovated, it features modern open layouts and attractive common areas highlighted by a stunning two-story glass-capped atrium. The property is zoned C-2 and enjoys an excellent location off I-95, Exit 126, providing convenient access to major transportation routes. Its strategic proximity to the under-construction Veterans Affairs Medical Center, the largest of its kind in the United States, further enhances its value. Significant planned infrastructure improvements, totaling $50 million, are underway in the immediate area, excluding interstate enhancements. The asking price is $9,499,000 ($119.88/SF). The property is offered vacant or with a lease-back option for the first floor, where Goodwill currently operates. This presents a compelling opportunity for investors seeking a high-quality, well-located asset in a rapidly growing market.

Location Insight

City

Fredericksburg

County

Spotsylvania

State

Virginia

Longitude

-77.4927

Latitude

38.2436

CBSA code

47900

CBSA name

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

Property Tax & Assessments