2403 Fall Hill Avenue

Cushman & Wakefield | Thalhimer is pleased to offer for sale 2403 Fall Hill Avenue, a three-story office building occupying ½ of a city block in the City of Fredericksburg. The National Bank of Fredericksburg built it as its headquarters in 1975. That bank and its successor, PNC, have occupied it for about 50 years, and this is the first time it has been offered on the open market. PNC’s absolute net lease runs through April 1, 2027. The tenant pays all operating expenses, so a buyer collects income while planning the property’s next use. Purchase of the full city block is possible . Inquire with the listing broker about that opportunity. The property sits at the center of one of Fredericksburg’s most active redevelopment areas. Across Fall Hill Avenue, the former Mary Washington Hospital is planned for 242 apartments with ground-floor commercial space. The adjacent Medical Arts Building is slated for 29 apartments, and DRB Homes is building the 63-unit Mary’s Landing townhome community nearby.