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2062 Plank Rd 1,762 SF Retail Building Fredericksburg, VA 22401 $2,680,000 ($1,521.00/SF)
Investment Highlights
- Direct frontage on Plank Road providing approximately 40,000 vehicles per day in visibility and exposure.
- ±0.52-acre infill pad site within a high-traffic, established commercial corridor.
- Utilities already in place for accelerated redevelopment timelines and reduced complexity.
- Positioned next to Greenbrier Place, an approved ±199-unit residential redevelopment fueling future demand.
- Zoned Commercial Highway, accommodating restaurant, retail, medical, automotive, and financial service users.
- Located minutes from Interstate 95, Central Park, and Fredericksburg’s major retail and commuter nodes.
Executive Summary
2062 Plank Road presents a compelling pad site redevelopment opportunity positioned along one of Fredericksburg’s busiest commercial corridors. This ±0.52-acre infill parcel
offers direct frontage on Route 3 / Plank Road with estimated traffic counts of approximately ±40,000 vehicles per day, providing exceptional visibility, accessibility, and longterm positioning within a rapidly evolving trade area.
Strategically located immediately adjacent to the proposed Greenbrier Place redevelopment, the site stands to benefit from the introduction of approximately 199 new
residential units and the continued transformation of the corridor from legacy strip retail into a modern, residential-driven commercial environment. As obsolete retail inventory
is removed and reinvestment accelerates, the subject property is well positioned to capture growing demand from retail, restaurant, medical, and service-oriented users
seeking frontage along this highly trafficked corridor.
The property is zoned Commercial Highway (CH), allowing for a broad range of commercial uses including quick-service restaurants, coffee concepts, medical office,
automotive retail, financial services, and single-tenant net lease development. Existing utilities are already in place, further enhancing the site’s redevelopment potential and
reducing development complexity.
With multiple execution strategies available—including owner-user occupancy, ground lease, or redevelopment for investment purposes—2062 Plank Road represents a rare
opportunity to secure highly visible frontage in one of Fredericksburg’s most active and rapidly improving commercial corridors.
offers direct frontage on Route 3 / Plank Road with estimated traffic counts of approximately ±40,000 vehicles per day, providing exceptional visibility, accessibility, and longterm positioning within a rapidly evolving trade area.
Strategically located immediately adjacent to the proposed Greenbrier Place redevelopment, the site stands to benefit from the introduction of approximately 199 new
residential units and the continued transformation of the corridor from legacy strip retail into a modern, residential-driven commercial environment. As obsolete retail inventory
is removed and reinvestment accelerates, the subject property is well positioned to capture growing demand from retail, restaurant, medical, and service-oriented users
seeking frontage along this highly trafficked corridor.
The property is zoned Commercial Highway (CH), allowing for a broad range of commercial uses including quick-service restaurants, coffee concepts, medical office,
automotive retail, financial services, and single-tenant net lease development. Existing utilities are already in place, further enhancing the site’s redevelopment potential and
reducing development complexity.
With multiple execution strategies available—including owner-user occupancy, ground lease, or redevelopment for investment purposes—2062 Plank Road represents a rare
opportunity to secure highly visible frontage in one of Fredericksburg’s most active and rapidly improving commercial corridors.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Bank
Building Size
1,762 SF
Building Class
B
Year Built
1979
Price
$2,680,000
Price Per SF
$1,521.00
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.52 AC
Opportunity Zone
Yes
Zoning
CH - Commercial Highway
Parking
50 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
86’ on Plank Rd
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 7779-12-3222 | Improvements Assessment | $397,200 |
| Land Assessment | $1,019,300 | Total Assessment | $1,416,500 |
Property Taxes
Parcel Number
7779-12-3222
Land Assessment
$1,019,300
Improvements Assessment
$397,200
Total Assessment
$1,416,500
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2062 Plank Rd