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Former CVS 10701 Courthouse Rd 10,145 SF Retail Building Fredericksburg, VA 22407 $2,649,000 ($261.11/SF)
INVESTMENT HIGHLIGHTS
- Washington, DC MSA, 62,000 population, AHHI of $113,000 within 3 miles.
- Just down the street from brand new 470,000+ SF Fredericksburg Health Care Center.
- The Property features a drive-thru and a spacious parking area with ± 60 spaces.
- Surrounded by major national retail including Walmart, Lowe’s, Giant Food, ALDI, Wawa, and much more.
- Opportunity for repositioning or redevelopment of a ±10,112 SF freestanding retail building on ±1.11 acres of land.
- Signalized corner location with 46,000+ VPD, adjacent to established retail centers; 1/4 mile west of Interstate 95.
EXECUTIVE SUMMARY
Century Partners is pleased to offer a prime retail property in the Washington, DC MSA, serving a population of 62,000 with an average household income of $113,000 within 3 miles. Positioned among top national retailers such as Walmart, Lowe’s, Giant Food, ALDI, and Wawa, and located just down the street from the brand-new 470,000+ SF Fredericksburg Health Care Center, the ±10,112 SF freestanding building sits on ±1.11 acres with a drive-thru, ±60 parking spaces, and a high-visibility signalized corner boasting 46,000+ VPD, only 1/4 mile from I-95. Currently vacant, the property offers an exceptional repositioning or redevelopment opportunity with delivery free of lease encumbrances at closing.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,145 SF
Building Class
B
Year Built
2000
Price
$2,649,000
Price Per SF
$261.11
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.11 AC
Opportunity Zone
Yes
Zoning
R2 - Residential
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 35G-13-5 | Improvements Assessment | $2,113,000 |
| Land Assessment | $1,044,400 | Total Assessment | $3,157,400 |
PROPERTY TAXES
Parcel Number
35G-13-5
Land Assessment
$1,044,400
Improvements Assessment
$2,113,000
Total Assessment
$3,157,400
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Former CVS | 10701 Courthouse Rd
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