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2000-2200 Plank RoadFredericksburg, VA 22401
Greenbrier Center Redevelopment
Asset ClassLand, Multifamily, Mixed Use
Land17.43 Acres
MSA: Washington Metropolitan Area# Units: 204Square Feet: 759,468Access Data Room
overview of deal


KLNB Capital Markets is pleased to offer for sale the fee simple interest in Greenbrier Center, a 17.5-acre residential redevelopment opportunity at 2000-2220 Plank Road in Fredericksburg, VA (“the offering”). Currently a suburban shopping center, the property is occupied by only three tenants, two of which have leases that can be terminated by the landlord, and the third occupies a pad site which should not impact future development. Situated directly between I-95 & US-1, the property offers immediate access to the region’s two most heavily trafficked thoroughfares and is immediately adjacent to existing single-family homes.


The site is zoned C-H (Commercial Highway) in the City of Fredericksburg’s ordinance, which allows for a range of commercial and residential uses as a matter of right, including townhomes and multifamily. The current zoning designation allows for a by-right residential redevelopment of the property at a density of 12 units per acre. While more density is attainable via a special use permit or through rezoning, the site is best suited for a by-right townhome development. Given the layout of the property, and recent engineering layouts & market studies, the offering can support a 204-lot project, with a mix of 20’ & 22’ townhomes.

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Development Highlights

Property Details
2000-2200 Plank Road, Fredericksburg, VA 22401
Land Area
17.43 AC (759,468 SF)
C-H (Commercial Highway)
Allowable Uses
Townhomes & Multifamily
12 units per acre by-right, 24 units per acre via SUP
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Listing provided by Revere CRE