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4701 Market St

79,240 SF 100% Leased Office Building Fredericksburg, VA 22408 $9,499,000 ($120/SF)

Investment Highlights

  • Excellent location off I-95; Exit 126
  • $50mm in road improvements in the immediate area are planned (not including the interstate improvements).
  • Adjacent to the under-construction Veterans Affairs Medical Center, the largest such facility in the United States.

Executive Summary

Recently renovated office with modern open layouts. Attractive Class A common areas boasting a two-story glass-capped atrium. Offered for sale either 100% vacant or Goodwill will continue to operate out of the first floor and lease-back that portion of the building.

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
79,240 SF
Building Class
B
Year Built
2001
Price
$9,499,000
Price Per SF
$120
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
39,620 SF
Building FAR
0.39
Land Acres
4.65 AC
Zoning
C-2
Parking
169 Spaces (2.13 Spaces per 1,000 SF Leased)

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
36-17-X
Land Assessment
$1,538,900
Improvements Assessment
$7,554,200
Total Assessment
$9,093,100
  • Listing ID: 26088984

  • Date on Market: 7/5/2022

  • Last Updated:

  • Address: 4701 Market St, Fredericksburg, VA 22408

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