Club Building

Sold

Address:

1001 Parkway Boulevard, Stafford, Virginia 22554

3.27 Acres

Approximately (subject to confirmation): 13,203* sq. ft. interior; about 2,000 sq. ft. in verandas; almost 15,000 sq. ft. Total.

* per Stafford County tax assessment

Possibly room for more new construction (Subject to your independent confirmation);

Tennis court area is existing impervious surface of about 13,000 sq. ft. +/- ;

Outside pool areas already have impervious surfaces of about 9,000, sq. ft. +/- ;

Idea is new building would occupy the outside pool footprint and parking would go where the tennis courts are. An existing SWM pond is near Subject.

Below, double click for aerial

_______________________________________________________

$1,700,000

____________________________________

Please NOTE:

This Sale is subject to approval by the U.S. Bankruptcy Court.

Yes, it is possible to lock into a low price and the owner will be bound by that contract such that no one will be able to 'out-bid' your contract - you would become the contract owner of the property.

______________________________________________

The property next to the Subject recently sold.

The day care facility, Minnieland, sold 13 January 2011, for $1,500,000.

a smaller, older building on just 0.7 acre

Although this appears to be an internal sale; ** The Legal Consideration was $1,500,000 on the deed; BB&T lent $1,105,000 on the property.

Click HERE for a copy of Deed and first page of DT; next door

_____________________________________________________________________

A recent parable:

1000 Falls Run, purchased a building in Stafford for $5,100,000 on December 13, 2006;

1000 Falls Run then recently leased the building to the FBI and/or contactors thereto;

1000 Falls Run LLC sold the property to NGP V STAFFORD VA LLC, on 28 July, 2011 for $30,268,397.

A Gross Profit of about $25,000,000 (before expenses) !!!!!!!!

Testament to the power of converting a property to a cash flow and the economic impacts of the U.S. government in this region.

The FBI Labs, training, and DEA are near the Subject Property; Quantico is also in proximity.

______________________________________________

Below, view towards pool area; SWM pond is in foreground.

____________________________________________________________

Below, satellite imagery, CCIM, Site to Do Business; retrieved May, 2010.

____________________________________________________________

______________________________________________________________

Above, entry hall

Below, is a sketch of interior (approximation):

Below, the "aerobic room"; which is over the interior pool:

NOTE: An Interior Pool is under the floor of the aerobics room

Click HERE for site plan of property from 1996; part 1

Please NOTE: These are not As Built Plans; contrast pool are to aerial photo.

Click HERE for site plan of property from 1996; part 2

____________________________________________________________

Double click photos thumbnails to enlarge

_____________________________________________________________

Zoning

Use the tax ID to make inquiries: Tax Map # 20; Parcel # 21A

Stafford County Office of Planning and Zoning: 540.658.6886

Presently, a health club. Zoned PD-1; Planned Development - 1. By-right uses include office.

____________________________________________________________

Above, detail of tax map. Source: Stafford County GIS, online

Note: The parking in front of the Day Care next door (Tax Map 20S-21-B), fronting on Parkway Blvd. is for the Subject property as well.

____________________________________________________

Double click to view or print plat of Subject

_________________________________________________________

DEEDS & PLATS

Please NOTE: Information provided below is for your convenience and is not a title report nor a legal opinion. You are urged to seek the advice of an attorney. Material provided is not guaranteed in terms of accuracy and/or completeness or scope.

Double Click HERE for Excerpts of Title for Subject

Double Click HERE for Easements;

Double Click HERE for plat of adjoining property

_________________________________________________________

__________________________________________________________

Demand for office space from the FBI Labs is significant.

Below, these buildings are about a half mile from Subject;

The access to the FBI Labs is nearby.

______________________________________________________________

ZONING

PD-1 Planned Development

PD-1 Planned Development 1.
The purpose of the PD-1 district is to provide areas of the County of not less than one hundred fifty (150) nor more than five hundred (500) acres which are suitable for a planned, mixed-use development with a variety of housing types and commercial uses intended to serve the immediate community. This district should be located only where approved water and sewerage are available or planned and where transportation systems are adequate.

(a) Uses permitted by right:
Accessory dwellings.
Atrium house dwellings.
Bakeries.
Banks/lending institutions.
Barber/beauty shops.
Clinic, Medical/Dental
Commercial apartments.
Community uses.
Convenience center.
Convenience store.
Dance studios.
Drug stores.
Dry cleaners/laundries.
Duplex dwellings.
Florists.
General office uses.
Gift/antique shops.
Group family day care home.
Home occupation.
Lot-line dwellings.
Medical/dental offices.
Multi-family dwellings.
Parks and playgrounds.
Patio house dwellings.
Places of worship.
Professional offices.
Public facilities/utilities.*
Public Works Excluding wastewater treatment facilities.
Recreational facilities.
Restaurants without drive through.
Schools.
Schools,vocational.
Single-family dwellings.
Small family day care home.
Townhouse dwellings.
Village house dwellings.
Weak-link townhouse dwellings.

(b) Conditional use permit:
Adult day care center.
Assisted living facility.
Clubs/lodges/fraternal organizations.
Child care centers.
Dwellings for watchmen or caretaker on premises.
Low intensity commercial retail uses not otherwise listed.
Public Facility/Utility.**
Restaurants with drive through.
Retail food stores greater than ten thousand (10,000) square feet.
Retirement housing.
Theaters.
Vehicle fuel sales.

(c) Special exception:
Home business.

*- but not including generating facilities, substations, switching stations and wastewater treatment facilities which are permitted as a conditional use permit.

**- for generating facilities,substations,switching stations and wastewater treatment facilities (except for the expansion or modification to wastewater treatment facilities existing prior to October 17,2006.

(d) Requirements:
(1) Intensity:
Allocated density..........7.0 du/ac
Maximum floor area (nonresidential)..........0.45 ratio
Open space ratio..........0.25 ratio

(2) Minimum yards (in feet)	Single- family	Duplex*	Town- house	Multi- family**	Com- mercial***	Lot-line ****	Atrium	Village	Patio	Weak-link Townhouse
Front	20	20	8	15	40	20	8	15	12	15
Side	10	3/15	15	15	0/15	5/20	0	3	0	0
Rear	35	35	25	20	12/35	30	0	25	0	24
(3) Maximum height (in feet)	35	35	40	45	45	35	18	35	35	28
(4) Minimum lot width (in feet)	80	45	20	--	--	70	50	60	50	36
(5) Minimum lot size (in sq. ft.)	--	--	--	--	--	7,000	4,000	6,000	5,000	3,600

***For commercial uses adjacent to nonresidential uses, the minimum required side yard setback is zero (0) feet and the minimum required rear yard setback is twelve (12) feet. For commercial uses adjacent to residential use, the minimum required side yard setback is fifteen (15) feet and the minimum required rear yard setback is thirty-five (35) feet.
****For lot line dwellings, the minimum width of any individual side yard is five (5) feet, and the minimum total width between structures is twenty (20) feet.
(Ord. No. 094-29, 8-9-94; Ord. No. 095-10, 3-7-95; Ord. No. 095-49, 6-20-95; Ord. No. 096-09, 2-6-96; Ord. No. 099-42, 7-13-99; Ord. No. 099-45, 8-17-99; Ord. No. 000-41, 8-8-00; Ord. No. 003-29, 6-17-03)

_________________________________________________________________

Demographics are provided for:

a) 15, 25, 30 Minute Drive Times;

b) 5, 10, 15 Minute Drive Times;

c) 1, 3 ,5 Mile Rings

________________________________________________________________

Below, Drive Times for 15, 25, and 30 minutes

Click HERE for Demographic Report

________________________________

Below, Drive Time polygons: 5, 10 and 15 minutes

Click HERE for Demographic Report - Drive Times

________________________________________________________________

Demographics

Below: 1, 3, 5 Mile Rings

Click HERE for demographic report

_________________________________________________

Alex Long, Weichert Realtors 540.371.8700

Notice: Purchaser is cautioned and urged to investigate any and all information and circumstances. Information contained in this web site and links is not guaranteed in terms of accuracy and/or scope.

Mr. Alex Long, CCIM, AICP, ALC along@ccim.net 540.371.8700

"CCIM" Certified Commercial Investment Member; "AICP" American Institute of Certified Planners, American Planning Association; "ALC" Accredited Land Consultant, Realtor Land Institute.

Licensed in Virginia

Weichert Realtors; 1955 Jefferson Davis Highway, Suite 201; Fredericksburg, VA. 22401