1068-1076 Hospitality Ln 1.78 Acres of Commercial Land Offered at $1,100,000 in Fredericksburg, VA 22401

Price below tax value! Motivated Seller.. willing to consider some seller financing, due diligence period. Make an offer.

1.78 AC Shovel-Ready Pad Site Zoned PD-C, in Special Tourism and Events Overlay District

Choose from many by-right options to develop this building pad, zoned Planned District-Commercial (PD-C):
Lodging
Retail
Multi-Family/Retail mixed use
Recreation, Entertainment

Utilities, Curbing, Gutters, Sidewalks at site. Located in a Federal Opportunity Zone.

NOTE: there may be an opportunity to purchase a strip of adjacent land on the retention pond property for additional parking, perhaps up to 20 spaces from the CVAS POA. The buyer would be responsible for all sitework. This would be a negotiated sale between the new owner and the Celebrate Virginia South POA after settlement. This will NOT be a contingency of the purchase.

Located just 1.5 miles north of I-95 Exit 130 (Rt. 3 exit).

Nearby tenants:
Walmart
Sheetz
Wegman's
Mercedes Benz
Hampton Inn
Cracker Barrel
PNC Bank
Hilton Garden Inn
Retail shops at Central Park
Fredericksburg Expo & Convention Center
Fredericksburg Nationals MLB Stadium

Traffic Counts:
Fall Hill Ave 13,000 vehicles per day
Carl D. Siler Pkwy 19,000 VPD
I-95 136,000 VPD

Parcel ID#: 7769-88-0831
2025 Tax Assessment: $1,240,600
2023 Annual Taxes: $28,124 (based on $1,085,500 2023 assessment)