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    Deer Run Rd Danville, VA 24540

    Sponsored
    For Sale
    $4,300,000

    63-Acre Development Opportunity near Caesars

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 63-acre property in Danville, Virginia, presents a unique investment opportunity. Zoned PSC, it offers endless possibilities for development, including hospitality, residential, or mixed-use projects. The land is already cleared and boasts convenient access to city water and sewer lines, with multiple sewer access points. Its strategic location provides one-stoplight access and multiple entrances, enhancing its appeal for large-scale development. Situated approximately three miles from Caesars Casino, this location benefits from the increased tourism and economic activity associated with the casino. The property's size and infrastructure make it ideal for a variety of commercial ventures, including a hotel, motel, or residential complex. The existing infrastructure significantly reduces development costs and timelines, making this a highly attractive investment. This prime location and versatile zoning offer a compelling opportunity for significant return on investment. Serious inquiries only. Asking price: $4,300,000.

    Property Features for 0 Deer Run Rd

    General Information

    Property type
    Motels
    Lot Size
    2,744,280 SF

    HighLights

    • 63‑acre Danville, VA property, zoned PSC, ideal for hospitality, residential, or mixed‑use development.
    • Cleared land with city water and sewer access, multiple sewer access points.
    • One‑stoplight access, multiple entrances, three miles from Caesars Casino.
    • $4,300,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Motels

    Map

    City
    Danville
    County
    Danville City
    State
    Virginia
    Longitude
    -79.410603912793
    Latitude
    36.613190808582

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    FAQs

    What type of property is this?
    Motel - 63-Acre Development Opportunity near Caesars
    Where is this motel located?
    The property is located at Deer Run Rd Danville, VA.
    What is the asking price?
    The asking price for this property is $4,300,000.
    What are key features of this property?
    This property features: 63-acre Danville, VA property, zoned PSC, ideal for hospitality, residential, or mixed-use development.; Cleared land with city water and sewer access, multiple sewer access points.; One-stoplight access, multiple entrances, three miles from Caesars Casino.
    Request Owner's contact information
    Deer Run Rd Danville, VA 24540
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    Deer Run Rd
    Danville, VA 24540
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Deer Run Rd Danville, VA 24540
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