For Sale
$985,000

1498 Central Park Blvd Fredericksburg, VA 22401

Fredericksburg, VA Retail Investment

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a 4,000 square foot storefront located at 1498 Central Park Boulevard in Fredericksburg, Virginia, zip code 22401. The property is a single-unit, single-building net lease investment with a remaining lease term of approximately 1.8 years, expiring August 31, 2026. The asking price is $985,000, representing a 7.53% capitalization rate based on a net operating income (NOI) of $74,160. The storefront boasts an impressive 18-foot ceiling height and is situated within the bustling Central Park retail center, a 2.5 million square foot regional hub. Its strategic location at the I-95/Plank Road (Route 3) interchange ensures high visibility and accessibility, benefiting from strong daytime population and desirable retail co-tenancy. The property's PDC zoning designation offers flexibility for various uses. This prime location, combined with the existing lease, makes it an ideal investment for both passive investors seeking consistent cash flow and owner-users looking for a high-traffic retail space. The property's easy access from I-95, Route 3, and Route 1 further enhances its appeal and potential for strong returns.

Highlights

  • 4,000 SF free-standing studio space in Central Park.
  • Central Park is a 2.5 million SF regional retail center.
  • Prime location at the I-95/Plank Road (Route 3) interchange.
  • High traffic counts and strong retail synergy.
  • Excellent accessibility via I-95, Route 3, and Route 1.

Property Details for 1498 Central Park Blvd

Property type
Specialty properties, Retail properties
Square Feet
4,000 SF
Buildings
1
Units
1

Location Insight

City
Fredericksburg
County
Stafford
State
Virginia
Latitude
38.305538162307
Longitude
-77.514712496191

FAQs

What type of property is this?
Specialty property - Fredericksburg, VA Retail Investment
Where is the specialty property located?
The property is located at 1498 Central Park Blvd Fredericksburg, VA.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: 4,000 SF free-standing studio space in Central Park.; Central Park is a 2.5 million SF regional retail center.; Prime location at the I-95/Plank Road (Route 3) interchange.
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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1498 Central Park Blvd
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