4300 PLANK RD, Fredericksburg, VA 22407 - MLS#VASP2026730

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Doug Strickland

doug@residentialguru.com +1(610) 724-3801

$7,400,000

Est. payment - /mo

20,000 SqFt

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UPDATED:

08/14/2024 11:24 AM

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 20,000 sqft

Price per Sqft $370

Subdivision Silver Property

MLS Listing ID VASP2026730

Originating Board BRIGHT

Year Built 1990

Annual Tax Amount $23,095

Tax Year 2022

Lot Size 2.010 Acres

Acres 2.01

Property Description

Phenomenal Investment opportunity with this 100% leased NNN sale on one of the busiest retail corridors! The Property, Salem Village, is located less than 2 miles west of I-95 on Plank Road/Route 3, the most prominent retail and business corridor in the Fredericksburg Region. The property benefits from direct frontage and easy accessibility with over 70,000 vehicles traveling in front of the property daily. The property not only benefits from its highly visible location along Route 3, but its proximity to other economic drivers including: (1) a 702 Space commuter lot, (2) Chancellor Center-a shopping center anchored by Planet Fitness, Aldi and Tractor Supply and (3) the densely populated housing communities surrounding the area (50,000+ residents within 3 miles). Other highlights include 20,000 SF building that is 100% Leased in a Densely populated area with over 50,000 within 3 miles and 100,000 residents within 5 miles. Situated on a 1.89 AC lot with abundant parking (110 space for a 5.5: 1 parking ratio. Please see Offering Memorandum in Documents.

Location

State VA

County Spotsylvania

Zoning C2

Interior

Hot Water Natural Gas

Heating Heat Pump(s)

Cooling Central A/C

Heat Source Natural Gas

Exterior

Garage Spaces 110.0

Waterfront N

Water Access N

Accessibility None

Parking Type On Street

Total Parking Spaces 110

Garage N

Building

Sewer Public Septic, Public Sewer

Water Public

New Construction N

Schools

School District Spotsylvania County Public Schools

Others

Tax ID 23-13-B2-

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Listed by Brian Cunningham • Coldwell Banker Elite

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Doug Strickland

+1(610) 724-3801

Agent | License ID: RS275319

Agent License ID: RS275319

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