For Sale
$1,630,000

301 Park Hill Dr Fredericksburg, VA 22401

Net-leased, 5,000 SF, high cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional Class A medical office building, located at 301 Park Hill Dr, Fredericksburg, VA 22401, presents a compelling investment opportunity. The property boasts 5,000 square feet across three units, situated on a 0.44-acre lot. Built in 2002, the building offers a strong net lease investment with a current NOI of $108,939 and a compelling 6.68% cap rate. The asking price is $1,630,000, translating to a price per square foot of $326. This property is part of an established medical office park, offering a rare vacancy and value-add potential during future lease renewals. Its strategic location adjacent to the Mary Washington Healthcare (MWHC) campus provides significant advantages, ensuring high occupancy and strong tenant demand. The property's strong financial performance, prime location, and potential for future growth make it an attractive investment for discerning buyers seeking a stable, high-yielding asset in a thriving medical market. The building consists of one structure with three individual units.

Highlights

  • Significant Value-Add Potential Through Lease Renewals
  • Prime Medical Office Park with Low Vacancy Rate
  • Medical Office Building Directly Adjacent to Major Hospital Campus

Property Details for 301 Park Hill Dr

Property type
Office properties, Medical offices
Square Feet
5,000 SF
Class
A
Year Built
2002
Buildings
1
Lot Size (sq. ft)
19,166 SF
Units
3

Location Insight

City
Fredericksburg
County
Stafford
State
Virginia
Latitude
38.313620300109
Longitude
-77.486236188094

FAQs

What type of property is this?
Office property - Net-leased, 5,000 SF, high cap rate.
Where is the office property located?
The property is located at 301 Park Hill Dr Fredericksburg, VA.
What is the asking price?
The asking price for this property is $1,630,000.
What are key features of this property?
This property features: Significant Value-Add Potential Through Lease Renewals; Prime Medical Office Park with Low Vacancy Rate; Medical Office Building Directly Adjacent to Major Hospital Campus
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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301 Park Hill Dr
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