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1500 Piney Forest Rd
Danville, VA 24540
Retail Property For Sale
Investment Highlights
- Positioned at a fully signalized intersection with high daily traffic volumes.
- Ample surface parking with 77 marked spaces for customer convenience.
- Equipped with loading access, pylon signage, and prominent building visibility.
- 2.15-acre parcel with freestanding structure and drive-thru capability.
- Surrounded by national retailers, including CVS, AutoZone, and McDonald’s.
- Modern construction from 2013 supporting flexible reuse.
Executive Summary
This freestanding former Walgreens property offers a compelling investment opportunity in a high-visibility location at the fully signalized intersection of Piney Forest Road (Rt. 29) and Franklin Turnpike in Danville, Virginia. The 2.15-acre site features direct access to a major north-south route serving Virginia and North Carolina, providing excellent regional connectivity. With a building constructed in 2013, the property is modern, functional, and adaptable for a range of retail or service-based uses.
Surrounding national retailers, including AutoZone, CVS, McDonald's, Wendy's, and DG Market, strengthen the drive-by traffic and consumer appeal of the area. Daily traffic counts exceed 25,000 vehicles on Piney Forest Road and 17,000 on Franklin Turnpike, ensuring consistent exposure. Ample on-site parking with 77 spaces, existing pylon and building signage, and convenient ingress/egress make this a desirable acquisition for retail/medical operators or investors seeking a re-tenanting or redevelopment play in a strong commercial corridor.
Surrounding national retailers, including AutoZone, CVS, McDonald's, Wendy's, and DG Market, strengthen the drive-by traffic and consumer appeal of the area. Daily traffic counts exceed 25,000 vehicles on Piney Forest Road and 17,000 on Franklin Turnpike, ensuring consistent exposure. Ample on-site parking with 77 spaces, existing pylon and building signage, and convenient ingress/egress make this a desirable acquisition for retail/medical operators or investors seeking a re-tenanting or redevelopment play in a strong commercial corridor.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,550 SF
Building Class
B
Year Built
2012
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
2.15 AC
Zoning
HR-C - Highway Retail Commercial
Parking
77 Spaces (5.29 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Pylon Sign
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 55904 | Improvements Assessment | $2,935,489 CAD |
| Land Assessment | $679,219 CAD | Total Assessment | $3,614,707 CAD |
Property Taxes
Parcel Number
55904
Land Assessment
$679,219 CAD
Improvements Assessment
$2,935,489 CAD
Total Assessment
$3,614,707 CAD
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