27 Gateway DrFredericksburg, VA 22406

Property Details for 27 Gateway Dr

Year built

2007

Construction

TYPE NOT SPECIFIED

Lot size

3.92 AC

Property size (Sq ft)

20,087 SF

Zone code

B2- URBAN COMM

Property type

Retail space

APN

45T-4

APU

45T4

Description

This exceptional retail opportunity is located at 27 S. Gateway Drive, Suite 125, Fredericksburg, VA 22406. The Carter's Crossing Retail Center boasts a total of 40,617 square feet situated on a 3.92-acre lot. Currently, there are two available spaces totaling 4,480 square feet (1,954 sq ft and 2,526 sq ft). One space is a second-generation restaurant space, complete with existing hood and equipment. The center enjoys a prime location just off Exit 133 of I-95, providing excellent visibility and accessibility on the heavily traveled Route 17 corridor. This Target and PetSmart anchored center benefits from strong co-tenancy with Anytime Fitness, a dentist's office, and a dance studio. Convenient out-parcel retailers include Panera Bread, Chipotle, an AT&T store, and McDonald's. The property is zoned B2 and features a Net Net Net (NNN) fee of $3.75 per square foot. This is a rare chance to secure retail space in a thriving, high-visibility location. The property offers significant potential for a variety of retail businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $6,229,112

  6.5%

  $5,749,950

  7%

  $5,339,240

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,453,919

  Geo Method

  $8,453,919

• Alternative Use

  Use

  Valuation

  Residential

  $4,850,298

  Hospitality

  $4,442,847

  Educational

  $3,696,396

  Medical

  $3,823,521

  Retail

  $5,749,950

Location Insight

City

Fredericksburg

County

Stafford

State

Virginia

Latitude

38.3455

Longitude

-77.4928

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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