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3430 Fall Hill Ave

34.2 Acres of Commercial Land in Fredericksburg, VA 22401

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Investment Highlights

Great Opportunity for Commercial/Mixed-Use Development
Across Fall Hill Ave from Celebrate Virginia South with Wegmans, Expo Center,and new Washington Nationals Minor League baseball stadium.
Less than 2 miles to the Region's largest Hospital

Adjacent to Central Park, the largest Power Center on East Coast
Located in Opportunity Zone

Executive Summary

Property features 34.2 Acres, representing one of the largest undeveloped parcels in the City of Fredericksburg. Currently zoned R2, up-zoning potential for the property would allow multi-family and many other commercial possibilities by way of a mixed use concept.
The property is immediately adjacent to Central Park, one of the largest Power Centers on the East Coast, and across the street from Celebrate Virginia but is unburdened by any use restrictions. Further, it is within very close proximity to the new Washington National's minor league baseball stadium, the Expo Center, Wegman's, and the Region's largest Hospital.
Once developed, the property will feature excellent visibility and access to two major roadways: Cowan Blvd and Fall Hill Avenue. Lighted Access exists on Fall Hill Avenue. Property has frontage on I-95.

Ulmanor Brochure 2023

Property Facts Under Contract

Sale Type	Investment	Proposed Use	Commercial Retail Office Mixed Use Multifamily Hospitality Apartment Units - Condo Apartment Units - Senior Auto Dealership Bank Carwash Convenience Store Drugstore Fast Food General Freestanding Healthcare Hold For Development Hold For Investment Hospital Hotel Master Planned Community Medical Neighborhood Centre Office Park Planned Unit Development Religious Facility Restaurant Single Family Development Storefront Storefront, Retail or Office Storefront, Retail or Residential Supermarket Winery or Vineyard
No. Lots	1	Total Lot Size	34.20 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype	Commercial

Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Retail Office Mixed Use Multifamily Hospitality Apartment Units - Condo Apartment Units - Senior Auto Dealership Bank Carwash Convenience Store Drugstore Fast Food General Freestanding Healthcare Hold For Development Hold For Investment Hospital Hotel Master Planned Community Medical Neighborhood Centre Office Park Planned Unit Development Religious Facility Restaurant Single Family Development Storefront Storefront, Retail or Office Storefront, Retail or Residential Supermarket Winery or Vineyard
Total Lot Size	34.20 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Lot Size	34.20 AC

Lot Size	34.20 AC

Located on Fall Hill Avenue, in Opportunity Zone. Immediately adjacent to Central Park, one of the largest Power Centers on the East Coast, and across the street from Celebrate Virginia.

Description

Ulmanor features 34.2 Acres, representing one of the largest undeveloped parcels in the City of Fredericksburg. Currently zoned R2, up-zoning potential for the property would allow multi-family and many other commercial possibilities by way of a mixed use concept. The property is immediately adjacent to Central Park, one of the largest Power Centers on the East Coast. Further, it is across Fall Hill Avenue from Celebrate Virginia which features the new Washington National's minor league baseball stadium, the Expo Center, and Wegman's. However, Property is not encumbered by restrictions found in Central Park and Celebrate Virginia. The Region's largest Hospital is located within 2 miles of the Property. Once developed, the Property will feature excellent visibility and access to two major roadways: Cowan Blvd and Fall Hill Avenue. Property also has frontage on I-95.

zoning

Zoning Code	R2
R2

(540) 842-4229

Contacts

Allison Graves
Ben Keddie
Brian Cunningham, CCIM
Coldwell Banker Commercial Elite

Listing ID: 17782476
Date on Market: 21/11/2019
Last Updated:
Address: 3430 Fall Hill Ave, Fredericksburg, VA 22401

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3430 Fall Hill Ave, Fredericksburg, VA for sale Aerial- Image 1 of 4 — Aerial from Fall Hill Ave/Celebrate VA

3430 Fall Hill Ave, Fredericksburg, VA for sale Aerial- Image 2 of 4 — Aerial from Cowan Blvd/ I-95

3430 Fall Hill Ave, Fredericksburg, VA for sale Aerial- Image 3 of 4 — Ulmanor Property Info

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