For Sale
$1,750,000

216 Industrial CtFredericksburg, VA 22408

Fully Leased Warehouse & Land, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional Fredericksburg, VA investment opportunity encompasses a fully leased 6,008-square-foot office/flex building situated on a one-acre lot, plus an adjacent 0.98-acre industrial parcel zoned I-1. The building, currently leased to Rappahannock Electric Cooperative (REC), a major utility serving nearly 179,000 connections across 22 Virginia counties, boasts a two-year lease expiring January 31, 2027, with a 3% annual rent increase. The building itself features six offices, a conference room, a 17' x 24.5' bull pen area, a lunch room, and a substantial 660-square-foot storage room. Ample parking is provided with 42 paved spaces. The property's location at 216 Industrial Court, Fredericksburg, VA 22408, offers excellent access and visibility. The combination of a strong, established tenant with a long-term lease and the added potential of the adjacent developable land presents a compelling investment opportunity with significant return potential. The asking price for this turnkey property is $1,750,000. This is a rare chance to acquire a well-maintained, income-producing asset in a thriving market.

Highlights

  • Fully leased 6,008 SF office/flex building on a 1-acre lot in Fredericksburg, VA.
  • Adjacent 0.98-acre I-1 zoned industrial parcel included.
  • Two-year lease with Rappahannock Electric Cooperative (REC) expiring January 31, 2027, with 3% annual rent increases.
  • Building features six offices, conference room, bull pen, lunchroom, and 660 SF storage room; 42 paved parking spaces.
  • Asking price: $1,750,000.

Property Details for 216 Industrial Ct

Property type
Warehouses, Land
Square Feet
6,008 SF
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Fredericksburg
County
Fredericksburg City
State
Virginia
Latitude
38.26131
Longitude
-77.503492
216 Industrial Ct, Fredericksburg, Virginia

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216 Industrial Ct
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