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    197-198 Beech Ave Danville, VA 24541

    Sponsored
    For Sale
    $489,900

    Unimproved Land - Danville, VA

    Type:Unimproved Land
    Lot size:
    5.31 Acres
    Days on Market:
    32
    Last Refresh:
    Jan 8 at 12:06 am

    Property Features for 197-198 Beech Ave

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    Zoning
    MR
    APN
    77833
    Lot size
    5.31 Acres

    Building Details

    Architectural style
    Other

    Mark A. Dalton & Co., Inc. (434) 237-6267 [email protected]

    Listing agent Callie Reyes (434) 841-8405 License #0225273134

    Listing date Dec 8, 2025

    MLS# 362120 Listing URL

    Copyright © 2026 Lynchburg Virginia MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Development Land in Danville, VA

    This 5.3-acre land parcel, located at 197 & 198 Beech Ave in Danville, VA, presents a development opportunity. Identified by Parcel IDs 77833, 77834, and 71284, the property is zoned MR and approved for a 57-unit condo community. Situated between Riverside Dr. and Westover Dr., the location is suitable for investors and developers looking to construct a multi-family development. Due diligence has been completed, and the property is eligible for revitalization and infrastructure grants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Danville
    County
    Danville
    State
    Virginia
    Longitude
    -79.4777686
    Latitude
    36.5986906

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    FAQs

    What type of property is this?
    Land - 5.3-acre land approved for 57-unit condo development.
    Where is this land located?
    The property is located at 197-198 Beech Ave Danville, VA.
    What is the asking price?
    The asking price for this property is $489,900.
    What are key features of this property?
    This property features: - Prime 5.3-acre development opportunity.; - Approved for a 57-unit condo community.; - Eligible for REVITALIZATION and INFRASTRUCTURE GRANTS.
    (434) 610-8089
    Request Owner's contact information
    197-198 Beech Ave Danville, VA 24541
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    Danville, VA 24541
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    197-198 Beech Ave Danville, VA 24541
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