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Professional Value-Add off Interstate 95 3920 Plank Rd 8,652 SF 25% Leased Office Building Online Auction Sale Fredericksburg, VA 22407
Matterport 3D Tours
Investment Highlights
- 3920 Plank Road is an 8,652-square-foot, multi-tenant office asset with classic institutional brick architecture and Colonial Revival influences.
- Long history of a strong tenant base; well-suited for an owner seeking total or partial occupancy of the building while generating in-place income.
- Shadow-anchored by Plank Road Plaza, a retail strip center home to Texas Roadhouse, as well as other local and national brands and servicers.
- Prime Plank Road/Route 3 location just off Interstate 95, boasting monument signage on Route 3 visible to more than 72,000 daily passing vehicles.
- Wendhurst Commons office park is shared by users in real estate, professional, scientific, and technical services, as well as finance and medical.
- University of Mary Washington, a public university with a student body of around 3,600, contributes to Fredericksburg’s highly educated workforce.
Executive Summary
Introducing this prime opportunity at 3920 Plank Road, an 8,652-square-foot office building ideally located just off the busy Route 3 corridor and minutes from Interstate 95 in Fredericksburg, Virginia. Built in 2000 and zoned C-2 Commercial, 3920 Plank Road is well-suited for an owner-occupant seeking to control all or a significant portion of the building, while also generating additional income from existing or future tenants.
property
Offering a flexible layout, the well-maintained property supports a variety of professional and service uses. The two-story brick building features a central stairwell that provides access to all office units, with two common restrooms on each floor.
Located just one traffic light east of Salem Church Road along the Fredericksburg region's busiest commercial corridor, Plank Road, Wendhurst Commons is easily accessible from both directions via the lighted intersection for Texas Roadhouse at Plank Road Plaza. Fredericksburg features several outdoor spaces, including Old Mill Park along the Rappahannock River and Alum Spring Park, known for its historic stone formations. The University of Mary Washington (4 miles) enhances the area with its academic presence and strong programs in business administration, biology, and psychology. Central Park Marketplace (2 miles) is an expansive power center spanning more than 1.8 million square feet and offering big-name retailers such as DSW Shoes, Ann Taylor Loft, Regal Cinemas, Bonefish Grill, The Melting Pot, and more.
3920 Plank Road provides both downside protection and long-term upside for an owner/user or investor looking to establish a presence in the strong Fredericksburg market.
Property tours are by appointment only. Please contact the listing broker to schedule.
property
Offering a flexible layout, the well-maintained property supports a variety of professional and service uses. The two-story brick building features a central stairwell that provides access to all office units, with two common restrooms on each floor.
Located just one traffic light east of Salem Church Road along the Fredericksburg region's busiest commercial corridor, Plank Road, Wendhurst Commons is easily accessible from both directions via the lighted intersection for Texas Roadhouse at Plank Road Plaza. Fredericksburg features several outdoor spaces, including Old Mill Park along the Rappahannock River and Alum Spring Park, known for its historic stone formations. The University of Mary Washington (4 miles) enhances the area with its academic presence and strong programs in business administration, biology, and psychology. Central Park Marketplace (2 miles) is an expansive power center spanning more than 1.8 million square feet and offering big-name retailers such as DSW Shoes, Ann Taylor Loft, Regal Cinemas, Bonefish Grill, The Melting Pot, and more.
3920 Plank Road provides both downside protection and long-term upside for an owner/user or investor looking to establish a presence in the strong Fredericksburg market.
Property tours are by appointment only. Please contact the listing broker to schedule.
Matterport 3D Tours
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Videos
Matterport 3D Exterior
Matterport 3D Tours
Photos
Street View
Street
Map
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Miscellaneous
Market Analytics Click Here to Access
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Property Subtype
Office/Residential
Building Size
8,652 SF
Building Class
B
Year Built
2000
Percent Leased
25%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,326 SF
Building FAR
0.08
Lot Size
2.50 AC
Parcel Number
23-22-3
Zoning
C-2 - Commercial
Parking
60 Spaces (6.93 Spaces per 1,000 SF Leased)
Amenities
- Signage
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
7,070
55,361
131,120
2020 Population
6,453
52,393
123,104
2030 Population
7,540
58,656
138,932
2025-2030 Projected Population Growth
6.7%
5.9%
6.0%
Daytime Employees
6,746
31,098
70,310
Total Businesses
810
4,271
8,318
Average Household Income
$103,581
$119,935
$130,626
Median Household Income
$81,588
$92,157
$103,746
Total Consumer Spending
$83.3M
$697.5M
$1.8B
Median Age
40.7
36.5
37.6
2025 Households
2,572
20,537
48,326
Percent College Degree or Above
19%
19%
21%
Average Home Value
$421,257
$438,059
$475,340
$ values in USD
Sale Advisor
Sale Advisor
Brian Cunningham, CCIM, Senior Vice President
Brian E. Cunningham, CCIM serves as Senior Associate Broker with Coldwell Banker Commercial Elite, bringing nearly 20 years of commercial real estate experience in one of Virginia’s fastest growing and most dynamic regions. His practice specializes in retail, medical, investment, and land transactions, where he is known for delivering consistent, measurable results for property owners, investors, and occupiers.
Brian’s deep understanding of the Fredericksburg and Northern Virginia markets, combined with long-standing relationships among key public- and private-sector stakeholders, enables him to provide strategic, data-driven representation to both landlords and tenants. His approach is grounded in market expertise, disciplined execution, attention to detail, and decisive problem-solving, all reinforced by a strong commitment to integrity and client advocacy. These principles have consistently allowed him to exceed client expectations across varying market conditions.
Licensed as a Broker since 2011, Brian earned the prestigious CCIM (Certified Commercial Investment Manager) designation in 2017—an achievement held by fewer than 6% of commercial real estate professionals worldwide. He has distinguished himself not only as a top producer locally, but also on a statewide and national level. Brian has been recognized as the firm’s #1 Agent in 2014, 2016, 2017, 2018 and 2025 and as the #1 CBC Sales Professional in Virginia in 2016, 2018 and 2025. He has also earned Top 2% national recognition among all Coldwell Banker Commercial affiliates in 2018, 2022 and 2025.
Over the past decade, Brian has successfully completed nearly $200 million in sales and leasing transactions, demonstrating a proven ability to execute complex deals, create value, and deliver outcomes for his clients across multiple asset classes.
Born and raised in the Washington, DC metropolitan area, Brian is a cum laude graduate of James Madison University, where he earned a degree in Mass Communications. He remains actively involved in both professional and community organizations, including the Fredericksburg Area Association of Realtors, REALTORS® Commercial Alliance, the International Council of Shopping Centers (ICSC), and the Leadership Fredericksburg Alumni Association. Brian also serves as a coach and leader with Upward Sports and Spotsylvania County Little League, and is actively involved at LifePoint Church in Fredericksburg, where he serves within Kingdom Builders and mentors students through LifePoint College.
Awards & Recognition
Brian’s deep understanding of the Fredericksburg and Northern Virginia markets, combined with long-standing relationships among key public- and private-sector stakeholders, enables him to provide strategic, data-driven representation to both landlords and tenants. His approach is grounded in market expertise, disciplined execution, attention to detail, and decisive problem-solving, all reinforced by a strong commitment to integrity and client advocacy. These principles have consistently allowed him to exceed client expectations across varying market conditions.
Licensed as a Broker since 2011, Brian earned the prestigious CCIM (Certified Commercial Investment Manager) designation in 2017—an achievement held by fewer than 6% of commercial real estate professionals worldwide. He has distinguished himself not only as a top producer locally, but also on a statewide and national level. Brian has been recognized as the firm’s #1 Agent in 2014, 2016, 2017, 2018 and 2025 and as the #1 CBC Sales Professional in Virginia in 2016, 2018 and 2025. He has also earned Top 2% national recognition among all Coldwell Banker Commercial affiliates in 2018, 2022 and 2025.
Over the past decade, Brian has successfully completed nearly $200 million in sales and leasing transactions, demonstrating a proven ability to execute complex deals, create value, and deliver outcomes for his clients across multiple asset classes.
Born and raised in the Washington, DC metropolitan area, Brian is a cum laude graduate of James Madison University, where he earned a degree in Mass Communications. He remains actively involved in both professional and community organizations, including the Fredericksburg Area Association of Realtors, REALTORS® Commercial Alliance, the International Council of Shopping Centers (ICSC), and the Leadership Fredericksburg Alumni Association. Brian also serves as a coach and leader with Upward Sports and Spotsylvania County Little League, and is actively involved at LifePoint Church in Fredericksburg, where he serves within Kingdom Builders and mentors students through LifePoint College.
Awards & Recognition
- #1 CBC Sales Professional – Virginia (2016, 2018, 2025)
- Top 2% CBC Affiliate Agents Globally (2018, 2022, 2025)
- CBC Gold Circle of Distinction Award (2016, 2018, 2022, 2025)
- CBC Silver Circle of Distinction Award (2024)
CBC Bronze Circle of Distinction Award (2017, 2019, 2020, 2021, 2023)
Brian’s deep understanding of the Fredericksburg and Northern Virginia markets, combined with long-standing relationships among key public- and private-sector stakeholders, enables him to provide strategic, data-driven representation to both landlords and tenants. His approach is grounded in market expertise, disciplined execution, attention to detail, and decisive problem-solving, all reinforced by a strong commitment to integrity and client advocacy. These principles have consistently allowed him to exceed client expectations across varying market conditions.
Licensed as a Broker since 2011, Brian earned the prestigious CCIM (Certified Commercial Investment Manager) designation in 2017—an achievement held by fewer than 6% of commercial real estate professionals worldwide. He has distinguished himself not only as a top producer locally, but also on a statewide and national level. Brian has been recognized as the firm’s #1 Agent in 2014, 2016, 2017, and 2018, 2022, 2025 and as the #1 CBC Sales Professional in Virginia in 2016, 2018 and 2025. He has also earned Top 2% national recognition among all Coldwell Banker Commercial affiliates in 2018, 2022 and 2025.
Over the past decade, Brian has successfully completed nearly $200 million in sales and leasing transactions, demonstrating a proven ability to execute complex deals, create value, and deliver outcomes for his clients across multiple asset classes.
Born and raised in the Washington, DC metropolitan area, Brian is a cum laude graduate of James Madison University, where he earned a degree in Mass Communications. He remains actively involved in both professional and community organizations, including the Fredericksburg Area Association of Realtors, REALTORS® Commercial Alliance, the International Council of Shopping Centers (ICSC), and the Leadership Fredericksburg Alumni Association. Brian also serves as a coach and leader with Upward Sports and Spotsylvania County Little League, and is actively involved at LifePoint Church in Fredericksburg, where he serves within Kingdom Builders and mentors students through LifePoint College.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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Auction Contact
Taylor Cunningham
Contact
Auctioneer License:
Ten-X Jessica Anne Figueroa RE Brkr 0226033409
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Videos
Matterport 3D Exterior
Matterport 3D Tours
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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Professional Value-Add off Interstate 95 | 3920 Plank Rd
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