6425 Harrison Rd Fredericksburg, VA 22407
For Sale
This exceptional opportunity presents a fully approved 80-unit, two-story, age-restricted (55+) multi-family apartment building project in Fredericksburg, Virginia. Located on a 5.43-acre lot at 6425 Harrison Rd (zip code 22407), this development boasts a total building area of 81,932 square feet. The property has received all necessary approvals, including the Generalized Development Plan (GDP) and PDH-16 zoning, which are recorded in the land records. Sewer easements are secured and recorded. Utilities are readily available on-site. The next steps involve finalizing the builder's site plan and applying for the building permit. This prime location offers unparalleled convenience, bordering the Central Virginia Trail system and enjoying easy access to major roadways (Route 3 and Route 1, both with I-95 access). Nearby amenities include fire and rescue services, police stations, the historical district, public transportation (bus and rail), parks, recreation facilities, shopping, and dining. All approval documents are available upon request. This represents a rare chance to acquire a shovel-ready development in a thriving, rapidly growing area within the Greater Washington D.C. Metro area. The asking price is $1,950,000, representing a price per unit of $24,375. The APN is 22-6-A.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.