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1st Floor - Unit 10942
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Flex
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1,180 SF
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$236,000 USD
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Unit Size: 1,180 SF
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Condo Use: Flex
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Price: $236,000 USD
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Sale Type: Investment
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Price/SF: $200.00 USD
Sale Notes
10942 Patriot Highway offers the opportunity to acquire a fully leased retail/flex condominium within the established 4 Mile Fork Business Center in Fredericksburg, Virginia. The property consists of a 1,180-square-foot commercial condo currently occupied by a church tenant, providing immediate income potential for investors seeking a stabilized asset in a highly accessible commercial location.
Positioned along the Patriot Highway corridor, the property benefits from proximity to one of the Fredericksburg area's primary commercial thoroughfares and immediate access to Interstate 95. This strategic location provides convenient connectivity throughout the Fredericksburg region, Northern Virginia, Richmond, and the broader East Coast transportation network. The surrounding area is characterized by a mix of retail, service, office, and residential uses that contribute to ongoing commercial activity and consumer demand.
The property's month-to-month tenancy structure offers flexibility for future ownership strategies while maintaining current occupancy. As part of the 4 Mile Fork Business Center, the asset benefits from an established commercial setting with access to a substantial residential and workforce population throughout the surrounding trade area. The property's location within a mature business environment, combined with regional transportation access, supports long-term relevance for a variety of commercial uses.
An additional value-add opportunity may exist through the potential bulk acquisition of adjacent units identified in the offering materials, allowing investors to expand their presence within the business center and create a larger ownership position within the project.
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1st Floor - Unit 10954
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Flex
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5,600 SF
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$112,000 USD
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Unit Size: 5,600 SF
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Condo Use: Flex
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Price: $112,000 USD
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Sale Type: Investment
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Price/SF: $20.00 USD
Sale Notes
10954 Patriot Highway presents an opportunity to acquire a fully leased retail/flex condominium within the established 4 Mile Fork Business Center in Fredericksburg, Virginia. The 5,600-square-foot commercial condominium is leased to All American Mobility, providing investors with an income-producing asset supported by an existing tenancy and contractual lease term extending through December 31, 2030.
Located along the Patriot Highway commercial corridor, the property benefits from immediate access to Interstate 95, one of the East Coast's primary transportation routes. This location provides convenient regional connectivity throughout the Fredericksburg market while offering accessibility to Northern Virginia, Richmond, and surrounding population centers. The surrounding area includes a mix of retail, office, service, and residential uses that contribute to ongoing commercial activity and support long-term occupancy demand.
The investment is further strengthened by approximately 4.3 years of remaining lease term and three additional one-year renewal options available to the tenant. The combination of existing cash flow, lease duration, and future extension options provides operational continuity while allowing investors to evaluate future ownership strategies over time.
As part of the 4 Mile Fork Business Center, the property is situated within an established commercial environment that serves both local residents and regional businesses. The offering also references the potential acquisition of adjacent condominium units as part of a bulk sale opportunity, allowing purchasers to expand their footprint within the project and create a larger commercial investment position.
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1st Floor - Unit 10962
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Flex
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5,300 SF
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$1,125,000 USD
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Unit Size: 5,300 SF
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Condo Use: Flex
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Price: $1,125,000 USD
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Sale Type: Investment
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Price/SF: $212.26 USD
Sale Notes
10962 Patriot Highway offers investors the opportunity to acquire a fully leased retail/flex condominium within the established 4 Mile Fork Business Center in Fredericksburg, Virginia. The 5,300-square-foot commercial condominium is occupied by J&J Tile and Marble and provides in-place income supported by a lease extending through May 31, 2031.
Situated along the Patriot Highway corridor, the property benefits from a strategic location with immediate access to Interstate 95, providing efficient connectivity throughout the Fredericksburg market and the broader Mid-Atlantic region. The surrounding area includes a mix of commercial, retail, industrial service, and residential uses that contribute to sustained business activity and tenant demand. This established commercial setting supports long-term occupancy while providing access to a substantial local workforce and customer base.
The investment profile is enhanced by approximately 4.7 years of remaining lease term and a remaining five-year renewal option, offering continued occupancy potential beyond the current lease expiration. The property's functional layout includes two drive-in doors, supporting a variety of operational requirements and enhancing utility for industrial service, distribution, showroom, and contractor-related users.
As part of the 4 Mile Fork Business Center, the property benefits from an established business environment and regional accessibility. The offering also references the opportunity to acquire adjacent condominium units as part of a larger bulk sale, allowing investors to assemble a broader portfolio position within the project and create additional scale within a single commercial location.
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Jamie Scully, CCIM
Cushman & Wakefield | Thalhimer