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Riverside Dr

8.12 Acres of Commercial Land Offered at $495,000 in Danville, VA 24541

Investment Highlights

  • Excellent visibility at the intersection of Westover Drive & Riverside Drive
  • AADT of 4,500 on Westover Drive
  • AADT of 13,000 on Riverside Drive
  • Only 6.7 miles or 9 minute drive time to new $650 million Caesars casino

Executive Summary

This 8.12 acre parcel is located at Westover Drive and Riverside Drive (US-58 Business) and is Zoned PSC (Planned Shopping Center). Parcel adjoins a new Dollar General on Westover Drive and is well suited for additional commercial development.

Property Facts

Price $495,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Hospitality
  • Convenience Store
  • Fast Food
  • General Freestanding
  • Hotel
  • Medical
  • Neighborhood Center
  • Religious Facility
  • Restaurant
Total Lot Size 8.12 AC
Cross Streets Westover Dr

1 Lot Available

Lot

Price $495,000
Price Per AC $60,961
Lot Size 8.12 AC

This 8.12 acre parcel is located at Westover Drive and Riverside Drive (US-58 Business) and is Zoned PSC (Planned Shopping Center). Parcel adjoins a new Dollar General on Westover Drive and is well suited for additional commercial development.

Description

This 8.12 acre parcel is located at the intersection of Westover Drive and Riverside Drive (US-58 Business) and is Zoned PSC (Planned Shopping Center). Parcel adjoins a new Dollar General on Westover Drive and is well suited for additional commercial development. Potential development could include retail, hotel, medical, office, restaurant or gas station. Certain restrictions apply. The property currently generates billboard rent of $1,500 per year. The property owner is a Virginia realtor.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
70726
Land Assessment
$65,000
Improvements Assessment
$0
Total Assessment
$65,000

zoning

Zoning Code PS-C (Planned Shopping Center - Commercial)
PS-C (Planned Shopping Center - Commercial)
  • Listing ID: 28333900

  • Date on Market: 4/27/2023

  • Last Updated:

  • Address: Riverside Dr, Danville, VA 24541

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