11320-11326 Patriot Hwy
1,425 - 4,393 SF Office/Retail Condo Units Offered at $339,000 - $966,460 Per Unit in Fredericksburg, VA 22408
EXECUTIVE SUMMARY
This property is well located on the west side of Route One near its intersection with Hudgins Road in the Spotsylvania County, Virginia. The property fronts on the Route One service lane providing excellent visibility and easy access for customer convenience. This property sits in an area known as the “Fredericksburg Motor Mile”, a location with multiple large automobile dealerships and other businesses. 11322 Patriot Highway: This 4,393 square foot space has a lobby, recording area, stage, commercial kitchen,two (2) toilets, office, break room, utility room and a large open area. This unit is currently leased to Kingdom Equipt Ministries. Condo Fee: $658.95 per month Taxes: $413.53 per month 11326 Patriot Highway: This 1,767 square foot unit is comprised of a reception area, three offices, conference room, one large open room and two unisex bathrooms. The space is completely built out and is perfect for a small business needing multiple offices. This unit is currently leased by Ecoverseva, LLC. Condo Fee: $434.00 per month Taxes: $185.22 per month 11320 Patriot Highway: This 1,425 square foot space has a large reception area, two (2) offices and one (1) toilet. Currently Leased to Kingdom Equipt Ministries. Condo Fee: $213.75 per month Taxes: $185.23 per month
PROPERTY FACTS
| Price | $339,000 - $966,460 |
| Unit Size | 1,425 - 4,393 SF |
| No. Units | 3 |
| Total Building Size | 12,995 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 12,995 SF |
| Year Built | 1965 |
| Lot Size | 1.31 AC |
| Parking Ratio | 6/1,000 SF |
3 UNITS AVAILABLE
Unit 11326
| Unit Size | 1,767 SF |
| Price | $374,900 |
| Price Per SF | $212.17 |
| Condo Use | Office/Retail |
| Sale Type | Investment or Owner User |
| Cap Rate | 8.00% |
| NOI | $29,992 |
| No. Parking Spaces | 10 |
DESCRIPTION
11326 Patriot Highway, this 1,767 square foot space has one reception area, four (4) offices, one (1) large conference room and two (2) toilets. It is currently leased by Ecoverseva, LLC, a water system treatment company.
Condo Fee: $434.00 per month
Taxes: $185.22 per month
Unit 11322
| Unit Size | 4,393 SF |
| Price | $966,460 |
| Price Per SF | $220.00 |
| Condo Use | Office/Retail |
| Sale Type | Investment |
DESCRIPTION
This 4,393 square foot space has a lobby, recording area, stage, commercial kitchen, two (2) toilets, office, break room, utility room and a large open area.
Currently leased to Kingdom Equipt Ministries.
Condo Fee: $658.95 per month
Taxes: $413.53 per month
Unit 11320
| Unit Size | 1,425 SF |
| Price | $339,000 |
| Price Per SF | $237.89 |
| Condo Use | Office/Retail |
| Sale Type | Investment |
DESCRIPTION
11320 Patriot Highway: This 1,425 square foot unit is comprised of a large reception area with retail counter, two offices and one unisex bathroom. The space is completely built out and is perfect for anyone needing a large retail area and multiple offices. This space is also an end cap location for convenience and visibility. Unit is currently leased to Kingdom Equipt Ministries.
NEARBY MAJOR RETAILERS
ZONING
| Zoning Code | C-3 (Heavy Commercial) |
