800 Main St Danville, VA 24541
This exceptional 0.28-acre commercial land parcel, located at 800 W. Main Street in Danville, Virginia (zip code 24541), presents a unique investment opportunity. Currently zoned residential, this property offers significant potential for various commercial uses, given its prime location. The lot measures approximately 74 feet by 165 feet and features a 2,116 square foot house currently on the site. Its strategic position across from a CVS Pharmacy and within one mile of Averett College ensures high visibility and accessibility. Most significantly, the property is adjacent to the planned Caesars Hotel & Casino development, promising substantial future growth and increased property value. The asking price for this remarkable property is $550,000. This is a rare chance to acquire land in a rapidly developing area with immense potential for future returns. The existing house provides immediate income potential or can be easily removed to accommodate new construction. Don't miss this opportunity to capitalize on the exciting growth happening in Danville, Virginia.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.