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Sweetgum Ln - Multifamily Land Adj to Retail Hub

50 Acres of Residential Land Offered at $1,600,000 in Danville, VA 24540

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Investment Highlights

Executive Summary

Prime multifamily development land near Caesars Hurrah Casino Hotel. Strong demand for apartment as many employees coming from all over the place to work at the casino hotel! Willing to subdivide land into 2 or 3 apartments developments.

Property Facts

Price	$1,600,000	Property Type	Land
Sale Type	Investment	Property Subtype	Residential
No. Lots	1	Total Lot Size	50.00 AC

Price	$1,600,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Residential
Total Lot Size	50.00 AC

1 Lot Available

Lot

Price	$1,600,000	Lot Size	50.00 AC
Price Per AC	$32,000

Price	$1,600,000
Price Per AC	$32,000
Lot Size	50.00 AC

Multifamily parcel located in the major commercial hub with Walmart, Target, Home Depot, Lowes and all major retailers. Close to the new Caesars Viginia opening late 2024! Strong demand for apartments as thousand of new workers & employees coming.

Description

Attention Developers: 50 +/- acres of multifamily development land (estimated 34 usable) adjacent to regional power center featuring Target, Home Depot, Lowes, Hobby Lobby, PetSmart, Dicks Sporting Goods, Marshalls, Ross, Old Navy, Walmart and numerous other national branded businesses. The Property is also near the Danville Mall. Danville is also home to the recently approved $400 million Caesars Virginia resort casino.

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