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Multifamily Development Parcel
For Sale
Contact for pricing
Pending

234 Jenny Ln, Danville, VA 24541

Development parcel in Flood Zone X with city-provided water and sewer services.

Property SizeContact for details
Days on Market120

Property Features for 234 Jenny Ln

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Utilities to Site Yes
Listing Agency: Yale Realty & Capital Advisors
Listed By: Yeleine Caicedo · License #5350019
Source: Crexi
Added: Apr 11 Changed: Jul 23 Last Checked: Aug 7 at 9:47AM

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 Yale Realty & Capital Advisors

Investment Insights

Based on property information with market context.

This offering presents a multifamily development parcel with preliminary site plan approval. Water and sewer service are provided by the City of Danville, supporting planned utility connectivity for the proposed development.

The parcel is located within Flood Zone X. Public remarks also note proximity to Martinsville Speedway and Virginia International Raceway within an hour radius, and that a new Caesars Casino development is described as approximately five miles away.

For brokers and principals, the seller notes that co-brokerage is not offered and that deal management is not provided through Crexi; buyers are directed to complete the firm’s buyer form and to sign an NDA to proceed.

Key Highlights

  • Development parcel in Flood Zone X
  • Water and sewer provided by the City of Danville
  • Preliminary site plan approval

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Hair Salon Building Supply Restaurant Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

15
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Development parcel in Flood Zone X with city-provided water and sewer services.
Where is this multifamily property located?
The property is located at 234 Jenny Ln Danville, VA.
What are key features of this property?
This property features: Development parcel in Flood Zone X; Water and sewer provided by the City of Danville; Preliminary site plan approval
More about this property
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