119 Cane Creek BlvdDanville, VA 24540

Property Details for 119 Cane Creek Blvd

Year built

2004

Construction

CONCRETE

Lot size

9.77 AC

Property size (Sq ft)

50,652 SF

Zone code

LIGHT ECONOMIC DEVELOPMEN

Property type

Retail properties

Property subtype

Retail space

APN

77074

APU

77074

Description

This exceptional commercial property, located at 119 Cane Creek Blvd in Danville, Virginia, 24540, presents a significant investment opportunity. The building encompasses approximately 50,652 square feet of rentable space, situated on a generous 9.76-acre lot. Currently vacant, this traditional office building offers immense potential for a variety of uses. Its previous use as a call center suggests a layout well-suited for large-scale operations requiring substantial space. The property boasts ample parking with approximately 450 spaces, ensuring convenient access for employees and clients. The zoning designation is LED-I, and there's potential for industrial use, subject to applicable regulations and approvals. The asking price is $3,500,000, translating to a price per square foot of $69.17. The property is conveniently located approximately 10 minutes from Downtown Danville, offering easy access to amenities and transportation routes. This is a rare opportunity to acquire a substantial, well-located commercial property in a growing market. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $11,129,714

  6.5%

  $10,273,582

  7%

  $9,539,755

• Comparable approach

  Method

  Valuation

  Relative Method

  $29,299,184

  Geo Method

  $29,299,184

• Alternative Use

  Use

  Valuation

  Residential

  $8,666,151

  Hospitality

  $7,938,148

  Educational

  $6,604,446

  Medical

  $6,831,582

  Retail

  $10,273,582

Location Insight

City

Danville

County

Danville City

State

Virginia

Latitude

36.5796

Longitude

-79.3135

CBSA code

19260

CBSA name

DANVILLE, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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