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Freestanding Office Building
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245 GRAY ST, Danville, VA 24541

Office building at 245 Gray St offering a ready-to-build-out interior for flexible commercial use.

Property Size28,856 SF
Price / SF$25.99
Days on Market63

Property Features for 245 GRAY ST

General Information

Standard status Active
Size 28,856 SF
Property subtype Office
Listing Agency: Wilkins & Co Realtors
Listed By: Robert Johnston · License #0226001147
Source: Crexi
Added: Jun 4 Changed: Jul 10 Last Checked: Aug 4 at 5:32AM

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 Wilkins & Co Realtors

Investment Insights

Based on property information with market context.

This freestanding office building is being offered for sale with information sourced from the assessor’s office, and buyers are encouraged to verify all details. The property is described as ready for a build-out, which can allow an owner, tenant, or developer to tailor the space to their specific office requirements.

The address is 245 Gray St, Danville, VA 24541. The provided directions indicate access from Wilkins office south on Piney Forest, left onto Watson St, left onto S. Main, then right onto Gray St, with the building on the left.

For commercial buyers or investors, the practical value here is the ability to customize the interior rather than being locked into a single, fixed configuration. For end users, a build-out-ready office can support a range of office uses, subject to verification of the intended scope and any applicable requirements. The seller notes that possible owner financing may be available, and that possible short-term financing may be considered. Seller is a licensed real estate broker in Virginia and North Carolina. As with any purchase, prospective parties should confirm all facts and suitability during their due diligence.

Key Highlights

  • Office building at 245 Gray St
  • Interior is ready for build‑out, allowing flexible commercial use
  • Information is taken from the assessors office; buyer should verify

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Auto Parts Store Garden Center Carpet & Flooring Store Bakery

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

Location Intelligence

Trade Area within ½ mile

613
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 Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Office building at 245 Gray St offering a ready-to-build-out interior for flexible commercial use.
Where is this office building located?
The property is located at 245 GRAY ST Danville, VA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Office building at 245 Gray St; Interior is ready for build‑out, allowing flexible commercial use; Information is taken from the assessors office; buyer should verify
More about this property
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