5701 Plank RdFredericksburg, VA 22407

  • Other commercial real estate
  • 73,126 SF
For Lease

Property Details for 5701 Plank Rd

Year built
2007
Lot size
7.43 AC
Property size (Sq ft)
73,126 SF
Zone code
C3 - COMMERCIAL 3
Property type
Other commercial real estate
APN
12-23-3
APU
12233

Description

Harrison Crossing North, a 256,556 square foot power center in Spotsylvania County, offers exceptional retail space. Strategically located at the intersection of Route 3 and Harrison Road, this center enjoys high visibility to over 55,000 vehicles per day on Plank Road (Route 3). The property boasts a strong mix of national tenants, including Giant Food, Home Depot, and Petco, ensuring consistent traffic and a thriving retail environment. Three suites are currently available, ranging from a minimum of 1,327 square feet to a maximum contiguous space of 4,000 square feet. Options include move-in ready spaces and build-to-suit opportunities. Built in 2007, this center benefits from convenient access points along Plank Road for easy ingress and egress. The property is situated in Fredericksburg, Virginia, a region experiencing rapid growth, making it an ideal location for businesses seeking to capitalize on a dynamic market. The total vacant space is 9,327 square feet. This power center presents a unique opportunity to establish a presence in a high-traffic, well-established retail destination within one of Virginia's fastest-growing areas.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $18,016,444
    Hospitality
    $16,502,965
    Educational
    $13,730,273
    Medical
    $14,202,479
    Retail
    $21,358,204
5701 Plank Rd, Fredericksburg, Virginia

Location Insight

City
Fredericksburg
County
Spotsylvania
State
Virginia
Latitude
38.2931
Longitude
-77.5664
CBSA code
47900
CBSA name
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$116,470
$3,762,400
$11,330,300
$15,092,700
-
$3,762,400
$11,330,300
$15,092,700

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