Patriot Hwy & Palmers Creek Way - Palmers Creek Commercial 3.55 Acres of Commercial Land Offered at $2,250,000 in Fredericksburg, VA 22407

Ready to build lot with utilities & stormwater in place. There is plenty of highway frontage on Rt 1 in this commercial parcel backed by 400 brand new luxury apartments. The project was zoned MU-5 as part of the "Palmers Creek" mixed-use development and is situated in a high-growth area with excellent visibility. The rezoning application approved by the county included the concept plan for four 6,000-square-foot freestanding buildings. The engineer advised the parcel can be split in half creating two sub parcels and the infrastructure is in place with utility hookups in two locations. It is also feasible to split into thirds with the addition of a third hookup location. MU-5 zoning allows for a variety of "by rights" uses including drive-through, medical, recreation, entertainment, restaurant, brewery, office, medical, child care, convenience, retail, and more. The sellers reserve the right to approve any potential use or site plan before agreeing to sell any lesser portion or create any sub-parcels. The Fredericksburg region includes Spotsylvania and is ideally located for accessibility to major cities and markets along the East Coast and the global marketplace. With a population of 338,000, the area has been designated Virginia’s fastest-growing for five consecutive years. Seller will consider creating sub-parcels as two (1.75± acre parcels) or three (1.2± acre parcels) to allow for individual purchases of less acreage ($700,000per acre) if the potential use and site plan is acceptable to them. The real estate broker has an ownership interest in the property.