216 Industrial CtFredericksburg, VA 22408

Property Details for 216 Industrial Ct

Year built

1983

Lot size

1.00 AC

Property size (Sq ft)

6,008 SF

Zone code

I1 - INDUSTRIAL 1

Property type

Other commercial real estate

APN

23G-1-10

APU

23G110

Description

This exceptional Fredericksburg, VA investment opportunity encompasses a fully leased 6,008-square-foot office/flex building situated on a one-acre lot, plus an adjacent 0.98-acre industrial parcel zoned I-1. The building, currently leased to Rappahannock Electric Cooperative (REC), a major utility serving nearly 179,000 connections across 22 Virginia counties, boasts a two-year lease expiring January 31, 2027, with a 3% annual rent increase. The building itself features six offices, a conference room, a 17' x 24.5' bull pen area, a lunch room, and a substantial 660-square-foot storage room. Ample parking is provided with 42 paved spaces. The property's location at 216 Industrial Court, Fredericksburg, VA 22408, offers excellent access and visibility. The combination of a strong, established tenant with a long-term lease and the added potential of the adjacent developable land presents a compelling investment opportunity with significant return potential. The asking price for this turnkey property is $1,750,000. This is a rare chance to acquire a well-maintained, income-producing asset in a thriving market.

• Alternative Use

  Use

  Valuation

  Residential

  $1,450,719

  Hospitality

  $1,328,851

  Educational

  $1,105,588

  Medical

  $1,143,611

  Retail

  $1,719,804

Location Insight

City

Fredericksburg

County

Spotsylvania

State

Virginia

Latitude

38.2613

Longitude

-77.5033

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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