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Retail Space at Signalized Intersection
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1500 Piney Forest Rd, Danville, VA 24540

Highly visible retail site at a fully signalized intersection with strong access off Piney Forest Rd.

Property Size14,550 SF
Price / SF$1.00
Days on Market63

Property Features for 1500 Piney Forest Rd

General Information

Standard status Active
Size 14,550 SF
Property subtype Retail

Additional Details

Traffic Count 26,000 vehicles/day
Listing Agency: Norfolk - Main
Listed By: Chris Read · License #225042738
Source: Colliers
Added: Jun 7 Changed: Aug 8 Last Checked: Jul 16 at 1:45AM

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 Norfolk - Main

Investment Insights

Based on property information with market context.

The property is a retail space located at the fully signalized intersection of Piney Forest Rd. (Rt. 29) and Franklin Turnpike in Danville, Virginia. The site benefits from strong visibility and convenient, direct access at a controlled intersection.

Piney Forest Rd. is described as a major north/south route through Virginia into North Carolina, with more than 26,000 vehicles per day. The area is also noted to have a deep residential backup, supporting consistent local drive-by traffic. Nearby businesses include Auto Zone, CVS, McDonald’s, Wendy’s, and DG Market.

This location is well suited for retail users that benefit from prominent frontage and straightforward customer access from a high-traffic roadway. With established retail neighbors and a traffic pattern driven by a major corridor, the property provides a practical setting for tenants looking to serve both passersby and the surrounding residential base.

Key Highlights

  • Retail site at the fully signalized intersection of Piney Forest Rd. (Rt. 29) and Franklin Turnpike in Danville, VA
  • Access to more than 26,000 vehicles per day on Piney Forest Rd., a major north/south route into North Carolina
  • Deep residential backup

Property Analytics

Current Use

Walgreens Photo (Bike/Boat/Book/etc) Store Walgreens Cosmetic Store Walgreens Pharmacy Pharmacy COVID-19 Drive-Thru Testing ... Pharmacy FedEx OnSite Postal Service

Suggested Use

Top Pick Law Firm Real Estate Agency Building Supply Skin Care Clinic Kitchen & Bath Showroom Electrical Service

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

26,000 VPD
Traffic count

Location Intelligence

Trade Area within ½ mile

277
Businesses Nearby
66k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 71% Groceries 12% Shops & Services 11% Electronics 6%
McDonald's Dining
21,789 visits/mo 0.1 miles
Wendy's Dining
14,465 visits/mo 0.2 miles
Dollar General Market Groceries
7,840 visits/mo 0.3 miles
Arby's Dining
6,743 visits/mo 0.4 miles
Verizon Electronics
3,570 visits/mo 0.5 miles

Demographics for 24540, VA

32,094
Population
15,792
Households
2
Avg Household Size
43
Median Age
17%
College-Educated
87%
High-School Grad
75.0 sq mi
ZIP Area
428
Density / Sq Mi
$47,207
Median Household Income
$34,621
Median Earnings
$828
Median Rent
$146,100
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Highly visible retail site at a fully signalized intersection with strong access off Piney Forest Rd.
Where is this retail space located?
The property is located at 1500 Piney Forest Rd Danville, VA.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: Retail site at the fully signalized intersection of Piney Forest Rd. (Rt. 29) and Franklin Turnpike in Danville, VA; Access to more than 26,000 vehicles per day on Piney Forest Rd., a major north/south route into North Carolina; Deep residential backup
More about this property
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