STAFFORD   COURTHOUSE  

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Approximately 24 acres;

Zoned B-3 Office, without proffers.

Priced at $3,120,000.

($130,000 per acre; $2.98 per square foot)

 

Near: I-95, Stafford Courthouse, and Regional Hospital


S T R A T E G Y: 

Short term; convert to cash flow through creating a cash flow thru flex space designed to last about a decade (capture market on low price-point). 

Long term; mixed use, high density; design and engineer value added.

Great Site for Flex-Space


Stafford County Tax Map 29 - Parcels 93C and 93D

At right, double click to print or read plat of survey.

Source of plat:  R. Wayne Farmer, CLS, surveyed for Daniel D. Rooney; December 21, 1988; Deed Book 658, Page 64;  Plat Book 17, pages 198 & 199 found in the land records of Stafford County Circuit Court.

               Double Click to print:                       

     


NOTE:  THE AREA HAS BEEN RE-ZONED TO B-3, OFFICE BY ACT OF STAFFORD COUNTY.  About 300+ acres were zoned to B-3 in a comprehensive zoning by Stafford County, in an effort to comport to the area to a Master Plan of a new "Town Center", as envisioned by Stafford County.

Zoning, above, has been changed.


 

 

 

 

Above, an excerpt from Stafford County Tax Records. Subject is parcel # 93C.  Most of the rights of way traversing the tract have been vacated.

Subject is in an area dominated by commercial - industrial zoning and activities.

Satellite Photo circa 2004

double click to enlarge

 

 

 

 

 

 

 

 

        

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

C O N T E X T

   At left is a Stafford County Zoning-Tax Map, with annotations.

CONTEXT can summarize the relationships that define LOCATION.  Linkages to services, transportation resources, population centers, infrastructure - these Linkages are the defining elements of Location. 

V I S I O N

Stafford County is actively pursuing a pro-active approach to quality planning and development.  The following is an excerpt:

Source:  http://gostaffordva.com/download/Courthouse%20Rendering.pdf; retrieved 7.28.2007

    double click to view

 

Opportunity
The Courthouse area encompasses the Stafford Courthouse and County buildings.  Currently, few other entities mark this area as the geographic heart of Stafford County.  However, the Courthouse area has three development projects planned: a new state of the art hospital, Stafford Medical Center, a new interchange and lanes at I-95 exit 140, and a new public safety building.  The Stafford Medical Center will bring additional employees and visitors to the area.  The proposed new interchange and lanes will make it easier to reach this future concentration of activity. 

Potential 
The Courthouse area includes the intersection of US Rt. 1 and Courthouse Road.  Free-standing retail and office buildings generally supporting government activities have evolved along US-1.  Courthouse Road, aside from providing primary access to the Administration Building, has traditionally simply connected US-1 and the Administration Center to I-95. The upcoming projects in the area; Public Safety Building and Hospital bring the potential for reinvestment in the area.

Vision 
The rendering shows a potential vision for the Courthouse area that marks the intersection through a "town square" approach.  Each corner of the intersection of Courthouse Road and US-1 provides space for a different community use.  The green-space in front of the historic courthouse provides community open space, while across Courthouse Road space may be set aside for an open air market.  Mixed-use developments could be designed and implemented to include multiple accesses by a variety of methods.

C H A N G E

 

 

 

 

 

Above, is a rendering of a Possible design for the new interchange.

Monies ($--- )  have been appropriated for design, engineering and rights of way acquisition for the new interchange. There is presently NO actual design or concept available. There IS the opportunity to interface with VDOT on these issues.  This rendition appears to intrude somewhat on the 24 acres, but also to create visibility to a loop road. It is project a "Concept" sketch might be available by December, 09.

Use Microsoft PowerPoint to open the files, below:

Click HERE for VDOT, Part 1

Click HERE for VDOT, Part 2


AN 

O P P O R T U N I T Y 

Where will the interchange go exactly?  What will be the cumulative impact of  the $185M for the new interchange, the $168M for the new hospital and then associated operating costs, the 20 year plan for over 200,000 sq. ft. of new public buildings?  There will be over half a billion dollars invested in the Stafford Courthouse area when private developments are factored into the equation with the other projects.

The Subject tract is zoned B-3, OFFICE.  Stafford County actively pursues quality development, especially that which contributes to the tax base and job creation.

Below, web site for Stafford County Department of Economic Development:

http://www.gostaffordva.com/stafford-economicdevelopment.cfm

 

 

 

 

Above, Topography at five foot contours; boundary is approximate.

Below, cover letter and schematics for Stafford County public utilities.

Please note the phone number and contact information on the cover letter.  Further details should be sought directly from Stafford County.

                      


Land Use and Future Land Use

Recently, the Stafford County Planning Department, acting at the direction of the Board of Supervisors, has initiated a process to engage a comprehensive re-zoning of tracts in the Courthouse Area from Industrial to Urban Commercial (B-2).  Purpose is to remove heavy truck traffic and plan the Courthouse Area to a more urban and intense use.

Comment:

An opinion, which might or might not be accurate, is:

The Courthouse Area is a geography in transition in terms of land use and function.

The new regional hospital; a new interchange at I-95 near Courthouse Road; the vast sums of money to be invested in public infrastructure for a new courthouse complex, new fire station, museum, public meeting spaces; and a new interchange. All are being brought together by a cohesive vision as expressed in a new component to the Stafford County Comprehensive Plan.  Stafford County government actively is seeking an intense development of the area to create a "Town Center", moreover, a development of character and identity.

(graphic from Stafford County: http://gostaffordva.com/download/Courthouse%20Rendering.pdf)

However, it is probably at least a decade out before the new interchange becomes a reality. Other components, as cited above, will be integrated into the Area over time. Therefore, the highest and best use of the property is probably to invest in a grading operation, and then CONVERT the dirt to a cash flow. 

What use would be in demand, realistically, now, to create a cash flow from building product that the public would lease?  Your marketing studies would have to reach that conclusion.  However, "Office Flex" space might be a strong use to investigate.

The product should be focused upon price point and therefore, as cheap but as attractive as possible.  Good planning is always a market advantage.

After about a decade to a decade and a half, that product [built now] would be razed and a more intensive use or set of differing uses would be applied to the site, reflecting the changed context of the new interchange and other improvements.  Significant of all would not be any one improvement, but the synergy derived from the various components working in harmony and creating a greater value.

(graphic from Stafford County: http://gostaffordva.com/download/Courthouse%20Rendering.pdf)

ZONING


B-3 Office.
The purpose of the B-3 district is to provide areas in the County for the location of professional offices and office parks. Such areas should be located as transitional areas between commercial and residential uses.

(a) Uses permitted by right:
Bank and lending institution. 
Flex office.
General office use.
Low intensity commercial retail.
Medical/dental office.
Professional office.
Public facilities/utilities. *
Public Works excluding wastewater treatment facilities.
Restaurant without drive through facility.
School.
School,vocational.

(b) Conditional use permit:
Child care center.
Commercial Apartment.
Hospital.
Hotel/motel.
Laboratory research and testing facility.
Printing, publishing, engraving.
Public Facility/Utility.**

(c) Requirements:
(1) Intensity: Ratio
Maximum floor area ratio..........0.45
Open space ratio......................0.30
(2) Minimum yards: Feet
Front***..........40
Side..........10
Back..........25
(3) Maximum building height (in feet) ..........65

 

*- 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)
***Front setback may be reduced. Specified in section 28-59(f)(10).

(Ord. No. 094-29, 8-9-94; Ord. No. 095-10, 3-7-95; Ord. No. 000-35, 6-6-00; Ord. No. 002-18, 4-2-02)

 SOURCE:  http://www.co.stafford.va.us/Departments/Planning_&_Zoning/Zoning/B3_Office.shtml


Below, a definition of Flex Space

Office, flex.  A room or group of rooms that provides combined office, low intensity commercial retail, light manufacturing and warehouse facilities made up of one or more small establishments. 

SOURCE:  http://www.municode.com/Resources/gateway.asp?pid=11500&sid=46  Retrieved November 29, 2007.

 

 

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