Office Building with Pylon
For Sale
$285,000
116 Magnolia Drive, Danville, VA 24541
Professional office layout with glass-enclosed rooms, a conference area, kitchenette, restrooms, and paved parking.
Property Size2,934 SF
Price / SF$97.14
Days on Market58
Property Features for 116 Magnolia Drive
General Information
Standard status
Active
Size
2,934 SF
Zoning
NC
Amenities
professional reception area
glass-enclosed offices
conference room
kitchenette
prominent pylon signage
Building Details
Buildings
1
Building Size
2,934 SF
Listing Agency:
Coldwell Banker Commercial Read & Company
(434) 455-2285
Listed By:
Mike Torrence · License #0225131194
(434) 660-5159
Source:
Exprealty
Added: Aug 26
Changed: Oct 13
Last Checked: Oct 21 at 12:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Read & Company
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,934 +/- square foot office building includes a defined reception area, glass-enclosed offices, a conference room, kitchenette, and two restrooms. Paved parking and prominent pylon signage are also part of the property, supporting both daily operations and exterior identification. Zoned NC Neighborhood Retail Commercial, the building accommodates office, medical, professional, or retail use as stated in the property information.
The property is located at 116 Magnolia Drive, just off West Main Street in Danville. It offers access to Caesars Virginia, Averett University, and other businesses within Danville’s commercial corridor.
The property is located at 116 Magnolia Drive, just off West Main Street in Danville. It offers access to Caesars Virginia, Averett University, and other businesses within Danville’s commercial corridor.
Key Highlights
- 2,934 +/- sq. ft. office building
- NC Neighborhood Retail Commercial zoning
- Reception area, glass‑enclosed offices, and conference room
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
Explore this area
Business Placement
Demographics for 24541, VA
27,529
Population
14,506
Households
1.9
Avg Household Size
45
Median Age
22%
College-Educated
87%
High-School Grad
75.2 sq mi
ZIP Area
366
Density / Sq Mi
$49,292
Median Household Income
$35,592
Median Earnings
$818
Median Rent
$134,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Professional office layout with glass-enclosed rooms, a conference area, kitchenette, restrooms, and paved parking.
Where is this office building located?
The property is located at 116 Magnolia Drive Danville, VA.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 2,934 +/- sq. ft. office building; NC Neighborhood Retail Commercial zoning; Reception area, glass‑enclosed offices, and conference room
