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10411 Spotsylvania Ave - Lee's Hill Commercial Center

3 Acres of Commercial Land Offered at £1,775,250 in Fredericksburg, VA 22408

Investment Highlights

  • Hotel use by right
  • Less than 1/3 of a mile from I-95 exit 126
  • The only commercially zoned flat parcel of its size in Fredericksburg
  • Zoned MU-4
  • Surrounding infra structure in place
  • Off-site SWM in place

Executive Summary

3.0 acre parcel perfect for a hotel. Located Lee's Hill Business Center, at the Northeast corner of Spotsylvania Avenue and Market Street in Spotsylvania County Virginia. This parcel is .3 miles from the entrance to new VA CLINIC which will open in the 4th quarter of 2024. The 4 story, 450,000 sf will have parking for 2,600 vehicles. The clinic will be the largest VA Clinic in the country.
The property is located at a fully signalized intersection on Spotsylvania Avenue less than 0.19 miles from Route 1 and .37 miles from I-95 exit 126. Located within the Lees Hill Business Center area the property benefits from great nearby tenants including 6 hotels, multiple restaurants, a Weis anchored shopping center, Mary Washington Emergency Center and 2 Large office building totaling over 300,000 sq. ft. of class A office space.
Spotsylvania County to spend nearly $200 million on road projects that are tied to the new VA Clinic
VDOT to invest 1 billion in infrastructure improvements over the next 5 years on I-95 between exit 140 Courthouse Road and
exit 126 at Rt. 1.

Property Facts

Price £1,775,250
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Office
  • Hotel
Total Lot Size 3.00 AC

1 Lot Available

Lot

Price £1,775,250
Price Per AC £591,750
Lot Size 3.00 AC

3.0 acre parcel perfect for a hotel. Located Lee's Hill Business Center, at the Northeast corner of Spotsylvania Avenue and Market Street. 1/3 mile from I-95 exit 126. Off-site SWM in place. Electric, water, and sewer are to the property line

Description

3.0-acre parcel perfect for a hotel. Located Lee's Hill Business Center, at the Northeast corner of Spotsylvania Avenue and Market Street in Spotsylvania County Virginia. The property is located at a fully signalized intersection on Spotsylvania Avenue less than 0.19 miles from Route 1 and .37 miles from I-95 exit 126. Located within the Lees Hill Business Center area the property benefits from great nearby tenants including 6 hotels, multiple restaurants, a Weis anchored shopping center, Mary Washington Emergency Center and 2 Large office buildings totaling over 300,000 sq. ft. of class A office space. VDOT to invest 1 billion in infrastructure improvements over the next 5 years on I-95 between exit 140 Courthouse Road and exit 126 at Rt. 1.

zoning

Zoning Code MU-4
MU-4
  • Listing ID: 3956530

  • Date on Market: 07/11/2008

  • Last Updated:

  • Address: 10411 Spotsylvania Ave, Fredericksburg, VA 22408

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