Coldwell Banker Commercial Elite’s Ben Keddie, SIOR, CCIM sold 19.85 acres of land at 5980 Plank Road, Fredericksburg, Virginia that was previously owned by the Moushtaha Investment and Trading Company. The parcel was sold to Plank Road Realty LLC, which is an entity of the Morgan Companies, a developer out of Charlotte, NC on May 11th, 2022, for $6.4 million. The site will be developed into a Publix anchored shopping center with more business to be announced shortly.
The location is strategically located on Route 3 just down the road from Harrison Crossing Shopping Center, and approximately 4 miles from Interstate 95. The parcel is conveniently situated at the entrance to Royal Oaks residential subdivision and across from Riverbend High School.
About Coldwell Banker Commercial Elite
As the Fredericksburg region’s largest commercial real estate company, Coldwell Banker Commercial Elite is the premier commercial real estate market leader. Coldwell Banker Commercial Elite was awarded the #1 Coldwell Banker Commercial Affiliate Office in Virginia for the past 4 years! The Coldwell Banker Commercial Elite Team is as dedicated to your success as you are. Our company provides in-depth commercial real estate solutions and services including landlord and tenant representation, buyer and seller representation, property management, investment acquisition and disposition services and development consulting. Our primary focus area consists of the greater Fredericksburg region (Stafford, Spotsylvania, King George, Caroline, City of Fredericksburg), while also servicing the Washington, D.C. Metro area and all of Virginia. For more information, visit: www.cbcelite.com