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Property profile & analytics
OFF-MARKET
Commercial real estate

800 Main St Danville, VA 24541

0.28 ac lot
Property ID
US87-0101979
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Lot 0.28 ac (12,197 SF)
UPID US87-0101979
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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