2062 Plank Rd - Bank FOR SALE


Fredericksburg, VA 22401
$2,680,000 USD
703-919-2149
2062 Plank Rd, Fredericksburg, VA for Sale
$2,680,000 USD
Bank - FOR SALE
1/6
null | Request Cap Rate

2062 Plank Rd
Fredericksburg, VA 22401


HIGHLIGHTS

  • Direct frontage on Plank Road providing approximately 40,000 vehicles per day in visibility and exposure.
  • Positioned next to Greenbrier Place, an approved ±199-unit residential redevelopment fueling future demand.
  • ±0.52-acre infill pad site within a high-traffic, established commercial corridor.
  • Zoned Commercial Highway, accommodating restaurant, retail, medical, automotive, and financial service users.
  • Utilities already in place for accelerated redevelopment timelines and reduced complexity.
  • Located minutes from Interstate 95, Central Park, and Fredericksburg’s major retail and commuter nodes.

OVERVIEW

2062 Plank Road presents a compelling pad site redevelopment opportunity positioned along one of Fredericksburg’s busiest commercial corridors. This ±0.52-acre infill parcel offers direct frontage on Route 3 / Plank Road with estimated traffic counts of approximately ±40,000 vehicles per day, providing exceptional visibility, accessibility, and longterm positioning within a rapidly evolving trade area. Strategically located immediately adjacent to the proposed Greenbrier Place redevelopment, the site stands to benefit from the introduction of approximately 199 new residential units and the continued transformation of the corridor from legacy strip retail into a modern, residential-driven commercial environment. As obsolete retail inventory is removed and reinvestment accelerates, the subject property is well positioned to capture growing demand from retail, restaurant, medical, and service-oriented users seeking frontage along this highly trafficked corridor. The property is zoned Commercial Highway (CH), allowing for a broad range of commercial uses including quick-service restaurants, coffee concepts, medical office, automotive retail, financial services, and single-tenant net lease development. Existing utilities are already in place, further enhancing the site’s redevelopment potential and reducing development complexity. With multiple execution strategies available—including owner-user occupancy, ground lease, or redevelopment for investment purposes—2062 Plank Road represents a rare opportunity to secure highly visible frontage in one of Fredericksburg’s most active and rapidly improving commercial corridors.

FOR SALE DETAILS

PRICE

$2,680,000 USD

PRICE/SF

$1,521 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,612 SF

ZONING

CH

APN/PARCEL ID

7779-12-3222

ASK ABOUT THIS PROPERTY

Ed CaveColdwell Banker Commercial EliteMore Info
703-919-2149

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Ed CaveColdwell Banker Commercial EliteMore Info
703-919-2149

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.