26 Acres Multifamily Development
For Sale
Contact for pricing
234 Eastwood Dr, Danville, VA 24540
26 acres zoned for high-density multifamily development with utilities.
Property SizeContact for details
Lot Size26.00 Acres
Days on Market160
Property Features for 234 Eastwood Dr
General Information
Standard status
Active
Lot size
26.00 Acres
Property subtype
Land
Zoning
SR & ZR
Listing Agency:
One South Commercial
(804) 690-1482
Listed By:
Ryan Rilee · License #VA 0225187102
Source:
Crexi
Added: Mar 16
Changed: Aug 8
Last Checked: Jul 16 at 12:21PM
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 One South Commercial
Investment Insights
Based on property information with market context.
This 26-acre property is zoned for high-density multifamily development and has utilities available to the site. Located in Danville, Virginia, the site is positioned within an accelerating job market that exhibits a measurable housing deficit. The area shows minimal institutional competition and has a local government aligned with residential expansion. New multifamily product delivered has the potential to achieve stabilized yields relative to larger Virginia metros while benefiting from long-term regional economic diversification. The city is attracting advanced manufacturing, logistics, healthcare, and technology-driven employers, generating thousands of new jobs and positioning the region for sustained economic expansion. Housing production has not kept pace with employment growth, resulting in a documented shortage of both rental units and single-family homes.
Key Highlights
- 26 Acres Zoned By Right for High Density Multifamily
- Utilities Available to the Site
- Accelerating Job Growth in Danville
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
78
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 26 acres zoned for high-density multifamily development with utilities.
Where is this residential land & home lot located?
The property is located at 234 Eastwood Dr Danville, VA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 26 Acres Zoned By Right for High Density Multifamily; Utilities Available to the Site; Accelerating Job Growth in Danville
