11047 Pierson DrFredericksburg, VA 22408

Property Details for 11047 Pierson Dr

Construction

CONCRETE BLOCKS

Lot size

0.03 AC

Property size (Sq ft)

1,400 SF

Zone code

C3 - COMMERCIAL 3

Property type

Commercial real estate

APN

25D-2-E

APU

25D2E

Description

This exceptional flex space in Fredericksburg, Virginia, offers a total of 2,800 square feet of adaptable industrial space, perfect for a variety of businesses. Located at 11047 Pierson Dr, in the Spotsylvania submarket of Spotsylvania County, this property boasts a convenient location off Route 2/Tidewater Trail, near Shannon Airport. The building is classified as Class C and features a single story layout. The space is currently divided into three units, each ranging in size from 1,400 to 2,800 square feet, offering flexibility for businesses of varying needs. The units can be leased individually or combined to accommodate larger operations. The property includes two dock-high doors and two drive-in doors, providing efficient loading and unloading capabilities. Zoned C3, this property is well-suited for a range of industrial and commercial uses. The former brewery space offers unique character and ample space for customization. This prime location in Spotsylvania County, Virginia, provides easy access to major transportation routes and a thriving business community. The property's features and location make it an ideal choice for businesses seeking a functional and strategically located space. Contact us today to learn more about leasing opportunities.

• CAP approach

  CAP return

  Valuation

  6%

  $334,718

  6.5%

  $308,971

  7%

  $286,901

• Comparable approach

  Method

  Valuation

  Relative Method

  $233,814

  Geo Method

  $233,814

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $606,080

  Retail / Commercial

  $311,228

  Mixed-Use / Specialty

  $310,460

  Hospitality / Lodging

  $228,219

  Office

  $308,971

  Institutional / Educational

  $322,875

  Residential Income

  $377,764

  Multifamily

  $451,178

  Automotive / Energy

  $276,750

  Parking / Income-Based Land

  $95,165.90

  Restaurant / Food Service

  $162,201

  Healthcare / Senior Housing

  $318,021

Location Insight

City

Fredericksburg

County

Spotsylvania

State

Virginia

Latitude

38.2609

Longitude

-77.4368

CBSA code

47900

CBSA name

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

Property Tax & Assessments

FAQs

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