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    1340 Main St Danville, VA 24541

    • Super regional malls
    • 54,081 SF
    • 4.87 lot acres
    For Lease
    View listing
    $7 SF/Yr
    Value Estimation
    $835,000
    Location Intelligence
    Property ID
    US87-1457284
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Dan River Plaza Shopping Center / Business Center
    • Stateline Diner / Diner

    Property Details for 1340 Main St

    Year built
    1980
    Construction
    CONCRETE BLOCKS
    Lot size
    4.87 lot acres
    Property size
    54,081 SF
    Zone code
    PLANNED SHOPPING CENTER
    Property type
    Super regional malls
    APN
    58503
    APU
    58503

    Description

    Dan River Plaza, located at 1340 W Main St, Danville, VA 24541, presents a significant retail investment opportunity. This single-story, 54,605 square foot shopping center, built in 1980, offers multiple tenancy options with a minimum divisible space of 10,000 square feet and a maximum contiguous space of 36,585 square feet. Currently, 60,151 square feet is vacant, providing ample space for expansion or new tenants. The property sits on a 5.41-acre lot and is classified as Class C. It boasts excellent visibility and accessibility from W. Main Street, benefiting from its location directly across Bishop Road from the new Caesars Palace development. This $400 million resort, slated to open December 2024, will bring significant economic growth to the area, including 1,300 jobs and a large entertainment venue. The center is anchored by Family Dollar and adjacent to Hardee's, ensuring strong existing traffic. An outparcel is also available. The property's proximity to Schoolfield Elementary, Ballou Park, Sovah Health Center, and Danville Community College further enhances its appeal. This is a rare chance to capitalize on the immense growth potential spurred by the Caesars Danville development in a well-established commercial area.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $850,000

    • CAP approach

      CAP return
      Estimation
      6%
      $910,000
      6.5%
      $1,020,000
      7%
      $950,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $965,000
      Geo Method
      $995,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $960,000
      Retail
      $960,000
      Mixed-Use
      $1,135,000
      Hospitality
      $1,140,000
      Educational
      $835,000
      Residential Income
      $920,000
      Energy
      $1,105,000
      Income-Based Land
      $885,000
      Food Service
      $895,000

    Location Insight

    • Map
    • Local Demand
    City
    Danville
    County
    Danville City
    State
    Virginia
    Longitude
    -79.4338
    Latitude
    36.5678
    CBSA code
    19260
    CBSA name
    DANVILLE, VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2021
    $5,655
    $265,200
    $434,000
    $699,200
    -
    $265,200
    $434,000
    $699,200

    Comparable in this City

    • Value Estimation
      $80,000
      8,159 SF

      2500 Main St

      REGIONAL SHOPPING CENTER, MALL • 8,159 SF
      2500 Main St, Danville, VA 24541-6226
      View Details
    • Value Estimation
      $350,000
      12,528 SF

      418 Trade St

      REGIONAL SHOPPING CENTER, MALL • 12,528 SF
      418 Trade St, Danville, VA 24541-3549
      View Details
    • Value Estimation
      $360,000
      2,439 SF

      2000 Westover Dr

      REGIONAL SHOPPING CENTER, MALL • 2,439 SF
      2000 Westover Dr, Danville, VA 24541-5069
      View Details
    • Value Estimation
      $1,315,000
      74,263 SF

      1403 Main St

      REGIONAL SHOPPING CENTER, MALL • 74,263 SF
      1403 Main St, Danville, VA 24541-4083
      View Details
    • Value Estimation by Request
      192,978 SF

      603 Main St

      REGIONAL SHOPPING CENTER, MALL • 192,978 SF
      603 Main St, Danville, VA 24541-4201
      View Details
    • Value Estimation by Request
      168,934 SF

      3230 Riverside Dr

      REGIONAL SHOPPING CENTER, MALL • 168,934 SF
      3230 Riverside Dr, Danville, VA 24541
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,612 SF

      Restaurant Property on Highway 58

      Restaurant property with ample parking and FF&E included.
      3585 Riverside Dr, Danville, VA 24541
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    • $550,000
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      Danville, VA Land Opportunity

      Prime Danville land for sale in upscale, convenient location.
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    • $349,000
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      Danville Land with Riverfront Access

      Undeveloped 31+ acre land parcel with river frontage.
      00 Hanks Ln, Danville, VA 24541
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    • Contact for pricing
      0.38 Acres

      Corner Lot Near Former Golf

      Corner lot near the former Southern Hills golf course.
      17 Fairway Dr, Danville, VA 24541
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    • Contact for pricing

      High Visibility Retail Land Available

      Up to 6.2 acres available in high visibility retail area.
      Sandy Ct, Danville, VA 24541
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,475 SF

      Danville Shopping Center Retail Space

      Retail space in a 235,000 SF shopping center.
      607-661 W Main St, Danville, VA 24541
      View Details
    • Contact for pricing
      12,000 SF

      Danville Shopping Center Retail Space

      Retail space in a 235,000 SF shopping center.
      663-679 W Main St, Danville, VA 24541
      View Details
    • Contact for pricing
      3,800 SF

      Danville Shopping Center Retail Space

      Retail space available in a 235,000 SF shopping center.
      114 Wooding Ave, Danville, VA 24541
      View Details
    • Contact for pricing
      2,100 SF

      Retail Space Near Averett University

      2,100 SF retail space in a 235,000 SF center.
      605 W Main St, Danville, VA 24541
      View Details
    • $15 SF/Yr
      47,973 SF

      Danville Retail Center Opportunity

      Seven spaces available, high traffic area.
      3360 Riverside Dr, Danville, VA 24541
      View Details
    • $7 SF/Yr
      54,605 SF

      Dan River Plaza Retail Spaces

      Prime Danville retail, high visibility.
      1340 Main St, Danville, VA 24541
      View Details
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    1340 Main St
    Danville, VA 24541
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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
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