295 Charming Rd Danville, VA 24541
- Warehouses
- 19,200 SF
- 3.39 lot acres
Current Use by Public Records
- FedEX shipping center / Shipping And Mailing Service
- FedEx Drop Box / Mailing Service
Property Details for 295 Charming Rd
- Year built
- 1994
- Lot size
- 3.39 lot acres
- Property size
- 19,200 SF
- Zone code
- M-2
- Property type
- Warehouses
- APN
- 1368-65-6368
- APU
- 1368656368
Description
This exceptional investment opportunity presents a 19,200-square-foot FedEx distribution center located at 295 Charming Rd, Danville, VA 24541, in Pittsylvania County. The property sits on a 3.39-acre lot and is currently leased to FedEx under a triple-net (NNN) lease, meaning the tenant is responsible for property taxes, insurance, and maintenance. The building features a fully insulated and heated interior with a sprinkler system. Ceiling heights range from 14 to 20 feet, providing ample storage space. Loading and unloading are facilitated by two loading docks (16'x12' and 10'x8') and two bay doors (12'x12' and 11'x14'). The building also includes office space, a breakroom, and restrooms. A significant upgrade was completed in 2023 with the installation of a brand-new septic tank and system. The current lease, initiated in 2016, has a term of five years with a five-year renewal option, extending to June 30, 2026, and a further five-year option thereafter. The annual rent is $55,440 ($4,620 per month). This property offers a strong, stable income stream with a long-term tenant in place, making it an attractive investment opportunity. The asking price is $815,000, resulting in a price per square foot of $42.45. The APN is 1368-65-6368.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Danville
- County
- Pittsylvania
- State
- Virginia
- Longitude
- -79.5775
- Latitude
- 36.6153
- CBSA code
- 19260
- CBSA name
- DANVILLE, VA METROPOLITAN STATISTICAL AREA
