Development Opportunity in Danville,
For Sale
$489,900
197-198 Beech Avenue, Danville, VA 24541
5.3-acre land approved for 57-unit condo development.
Property Size231,216 SF
Lot Size5.30 Acres
Price / SF$2.12
Days on Market354
Property Features for 197-198 Beech Avenue
General Information
Standard status
Active
Size
231,216 SF
Lot size
5.30 Acres
Property subtype
Land / Unimproved Land
Zoning
MR
Taxes and HOA fees
Annual Taxes
$4,149
Amenities
.00
No
0 (0 0)
Site Plan, Other
Listing Agency:
Mark A. Dalton & Co., Inc.
(434) 610-8089
Listed By:
Callie Reyes · License #0225273134
(434) 610-8089
Source:
Compass
Added: Sep 3, 2025
Changed: Aug 8
Last Checked: Jul 16 at 8:00AM
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 Mark A. Dalton & Co., Inc.
Investment Insights
Based on property information with market context.
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 site is centrally positioned between Riverside Dr. and Westover Dr. It is approved for the construction of a 57-unit condominium community. The site is suitable for investors and developers looking to create a multi-family development. Due diligence has been completed, and the property is eligible for Revitalization and Infrastructure Grants.
Key Highlights
- Approved for a 57‑unit condo community.
- 5.3‑acre development opportunity.
- Centrally located between Riverside Dr. and Westover Dr.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
39
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - 5.3-acre land approved for 57-unit condo development.
Where is this residential land & home lot located?
The property is located at 197-198 Beech Avenue 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: Approved for a 57‑unit condo community.; 5.3‑acre development opportunity.; Centrally located between Riverside Dr. and Westover Dr.
