5000 Plank RdFredericksburg, VA 22407

Property Details for 5000 Plank Rd

Lot size

1.98 AC

Property size (Sq ft)

5,143 SF

Zone code

C2 - COMMERCIAL 2

Property type

Commercial real estate

APN

22-14-D2

APU

2214D2

Description

This exceptional retail opportunity presents a single-tenant pad for lease at 5000 Plank Road in Fredericksburg, Virginia. Situated on a sizable 0.7-acre lot within the thriving Fredericksburg submarket of Spotsylvania County, this property offers unparalleled visibility and accessibility. The building itself comprises 1 square foot of retail space, ideal for a variety of uses. The property's location in Spotsylvania County, specifically within the Fredericksburg submarket, ensures high traffic volume and exposure to a dense consumer base. This makes it an attractive proposition for businesses seeking a strategic location with significant growth potential. The single-tenant occupancy provides flexibility and control, allowing for customized build-out and operational efficiency. The address, 5000 Plank Rd, Fredericksburg, VA 22407, provides easy access for customers and employees alike. This is a rare opportunity to secure a prime retail location in a highly desirable area. The property is classified as a retail pad for lease and is categorized as a single tenancy. Further details regarding lease terms and conditions are available upon request. Don't miss this chance to establish your business in a vibrant and growing community. Contact us today to learn more about this exceptional retail property.

• CAP approach

  CAP return

  Valuation

  6%

  $1,242,080

  6.5%

  $1,146,540

  7%

  $1,064,640

• Comparable approach

  Method

  Valuation

  Relative Method

  $786,579

  Geo Method

  $786,579

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,250,870

  Retail / Commercial

  $1,155,490

  Mixed-Use / Specialty

  $1,152,360

  Hospitality / Lodging

  $846,734

  Office

  $1,146,540

  Institutional / Educational

  $1,198,340

  Residential Income

  $1,402,060

  Multifamily

  $1,676,070

  Automotive / Energy

  $1,027,150

  Parking / Income-Based Land

  $353,480

  Restaurant / Food Service

  $601,459

  Healthcare / Senior Housing

  $1,180,710

Location Insight

City

Fredericksburg

County

Spotsylvania

State

Virginia

Latitude

38.2893

Longitude

-77.5484

CBSA code

47900

CBSA name

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

Property Tax & Assessments

FAQs

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