For Sale
$9,499,000

4701 Market St Fredericksburg, VA 22408

79,240 SF Executive Office, Vacant

Overview

Added:
Dec 11, 2024
Days on market:
135
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.

Highlights

  • Recently renovated Class A office building with modern open layouts.
  • Attractive Class A common areas featuring a two-story glass-capped atrium.
  • Excellent I-95 location, Exit 126.
  • Adjacent to the new, largest US Veterans Affairs Medical Center.
  • $50 million in planned area road improvements (excluding interstate).
  • Offered vacant or with a first-floor leaseback to Goodwill.

Property Details for 4701 Market St

Property type
Office properties
Square Feet
79,240 SF
Class
A
Buildings
1
Stories
2
Lot Size (sq. ft)
240,451 SF

Location Insight

City
Fredericksburg
County
Spotsylvania
State
Virginia
Latitude
38.24354
Longitude
-77.4927197

FAQs

What type of property is this?
Office property - 79,240 SF Executive Office, Vacant
Where is the office property located?
The property is located at 4701 Market St Fredericksburg, VA.
What is the asking price?
The asking price for this property is $9,499,000.
What are key features of this property?
This property features: Recently renovated Class A office building with modern open layouts.; Attractive Class A common areas featuring a two-story glass-capped atrium.; Excellent I-95 location, Exit 126.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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4701 Market St
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