Shovel Ready Townhome Development
For Sale
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361 HERMITAGE DR, Danville, VA 24541
Approved 30-unit townhome development opportunity in Danville, Virginia.
Property SizeContact for details
Lot Size6.20 Acres
Days on Market87
Property Features for 361 HERMITAGE DR
General Information
Standard status
Active
Lot size
6.20 Acres
Property subtype
Land
Zoning
Attached Residential
Listing Agency:
Cushman & Wakefield Thalhimer - Roanoke, Virginia
(804) 819-9948
Listed By:
Briggs Cooper · License #0225270854
Source:
Crexi
Added: May 18
Changed: Aug 8
Last Checked: Jul 16 at 7:14AM
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 Cushman & Wakefield Thalhimer - Roanoke, Virginia
Investment Insights
Based on property information with market context.
This property presents a shovel-ready townhome development opportunity located on Hermitage Drive in Danville, Virginia. Approved and designed for a 30-unit townhome community, the approximately 6.20-acre parcel allows for efficient progress toward construction, with major planning, engineering, and permitting work already completed. The development package includes civil engineering, architectural, structural, mechanical, electrical, plumbing, and life safety plans. The approved site plan features a mix of 2-bedroom and 3-bedroom townhome layouts ranging from approximately 1,635 to 2,352 square feet, along with completed planning for grading, utilities, stormwater, sanitary sewer, waterline, road improvements, proposed property lines, and internal site circulation. The project has received environmental permit coverage through the Virginia Department of Environmental Quality, including VWP General Permit Coverage and SPGP verification. With approvals and plans in place, the property offers reduced entitlement risk, an accelerated development timeline, and a streamlined path toward vertical construction in the growing Danville, Virginia market. The property is intended for residential use.
Key Highlights
- Shovel‑ready townhome development opportunity approved for 30 units.
- Approved site plan features a mix of 2 and 3 bedroom townhome layouts ranging from approximately 1,635 SF to 2,352 SF.
- Major planning, engineering, and permitting work already completed.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
90
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
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Approved 30-unit townhome development opportunity in Danville, Virginia.
Where is this residential land & home lot located?
The property is located at 361 HERMITAGE DR Danville, VA.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Shovel‑ready townhome development opportunity approved for 30 units.; Approved site plan features a mix of 2 and 3 bedroom townhome layouts ranging from approximately 1,635 SF to 2,352 SF.; Major planning, engineering, and permitting work already completed.
