411 Chatham Heights RdFredericksburg, VA 22405

Property Details for 411 Chatham Heights Rd

Year built

1984

Construction

TYPE NOT SPECIFIED

Lot size

4.38 AC

Property size (Sq ft)

31,230 SF

Zone code

B2- URBAN COMM

Property type

Retail space

APN

54F-3H-17A

APU

54F3H17A

Description

This exceptional 6,000-square-foot build-to-suit opportunity is located at 411 Chatham Heights Road in Fredericksburg, Virginia, zip code 22405. The property is zoned B2 and features a single-tenant occupancy within a thriving commercial area. The building is a single-story structure, offering a completely vacant 6,000 square feet ready for immediate development to meet a tenant's specific needs. The property type is retail, suitable for various uses including restaurants, storefronts, and in-line retail establishments. Its location within the Chatham Heights Shopping Center provides excellent visibility and accessibility for customers. This build-to-suit option allows for complete customization, ensuring the space perfectly aligns with the tenant's operational requirements and brand aesthetic. The property presents a unique chance to establish a strong presence in a dynamic commercial environment. Interested parties should act quickly to secure this exceptional opportunity to create a bespoke retail space in a high-traffic location. The property's address is 411 Chatham Heights Rd, Fredericksburg, VA 22405.

• CAP approach

  CAP return

  Valuation

  6%

  $9,684,631

  6.5%

  $8,939,660

  7%

  $8,301,112

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,143,620

  Geo Method

  $13,143,620

• Alternative Use

  Use

  Valuation

  Residential

  $7,540,938

  Hospitality

  $6,907,458

  Educational

  $5,746,924

  Medical

  $5,944,570

  Retail

  $8,939,660

Location Insight

City

Fredericksburg

County

Stafford

State

Virginia

Latitude

38.3128

Longitude

-77.4526

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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